Post subject: Re: Millionaire N London Barrister leads Labour
Posted: Fri Jul 31, 2020 11:14 am
Mild Rover
Moderator
Joined: Jun 01 2007 Posts: 12672 Location: Leicestershire.
Sal Paradise wrote:This process is already in place for the US and China so we know what to expect - why are we creating mountains out of mole hils?
Surely it is just an extension of what is already in place?
Well, firstly - we don’t know what to expect because nothing has been decided and agreed, and time is running out to put in place new systems and additional capacity.
Secondly, we’re losing our existing trade arrangement not just with the EU, but most of those made through the EU have not been replaced. Switzerland and a few other places apart. There’s no guarantee that even when they are replaced, it’ll be a copy and paste job. For example, based on a quick internet search, it seems that the EU trades with China, India, and quite a few other countries through a Preferential Trade Arrangement.
Switching to basic WTO will be a change there as well, I’m guessing.
There are countries we do trade on WTO terms with, but this a big change in how we operate - kinda of a main point of Brexit, wasn’t it? And it needs a big effort to prepare - otherwise it’ll be under resourced and at risk of failure.
Sal Paradise wrote:This process is already in place for the US and China so we know what to expect - why are we creating mountains out of mole hils?
Surely it is just an extension of what is already in place?
Well, firstly - we don’t know what to expect because nothing has been decided and agreed, and time is running out to put in place new systems and additional capacity.
Secondly, we’re losing our existing trade arrangement not just with the EU, but most of those made through the EU have not been replaced. Switzerland and a few other places apart. There’s no guarantee that even when they are replaced, it’ll be a copy and paste job. For example, based on a quick internet search, it seems that the EU trades with China, India, and quite a few other countries through a Preferential Trade Arrangement.
Switching to basic WTO will be a change there as well, I’m guessing.
There are countries we do trade on WTO terms with, but this a big change in how we operate - kinda of a main point of Brexit, wasn’t it? And it needs a big effort to prepare - otherwise it’ll be under resourced and at risk of failure.
'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.
Post subject: Re: Millionaire N London Barrister leads Labour
Posted: Fri Jul 31, 2020 12:58 pm
The Ghost of '99
Player Coach
Joined: Feb 26 2006 Posts: 3092
Sal Paradise wrote:So you will aware of what is required to trade on WTO terms and how smooth it can be - that AAT has come in handy for you
Please, ACA.
Yes, very it's smooth. Partly because we sea-freight our USD bought stuff in so there's weeks to get the paperwork sorted. And partly because we spend around £150k a year on a team of people who get that paperwork sorted. And then we pay around £1m each month in duty and import VAT. I had forgotten how much you Tories love paperwork and taxes.
"Brian McDermott, with a wry smile, nods when asked if he remembers a specific incident which made him realise he was a prick. 'I do', he murmurs."
Post subject: Re: Millionaire N London Barrister leads Labour
Posted: Fri Jul 31, 2020 5:00 pm
King Street Cat
Player Coach
Joined: Mar 25 2010 Posts: 4649 Location: BD23
Boris Johnson makes Evgeny Lebedev - son of a KGB spy - a lord. Looking forward to the Johnson fans' take on that one. I wonder if it's got anything to do with that Italian house party Johnson attended? Kompromat, maybe?
"Back home we got a taxidermy man. He gonna have a heart attack when he see what I brung him."
Post subject: Re: Millionaire N London Barrister leads Labour
Posted: Fri Jul 31, 2020 5:08 pm
IR80
Club Captain
Joined: Jun 24 2019 Posts: 2215
King Street Cat wrote:Boris Johnson makes Evgeny Lebedev - son of a KGB spy - a lord. Looking forward to the Johnson fans' take on that one. I wonder if it's got anything to do with that Italian house party Johnson attended? Kompromat, maybe?
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