Monday, 11 February 2019

WTO Trading Agreements



It is my belief,  and I said this before. If you declare your hand that you are not willing to walk away then you become supplicant to the negotiation and for sure will be doomed to colonial status in perpetuity.

The remainers make great store in regard to our non-compliance in exporting to the EU if we are to leave the Customs Union. Let's deal with this today.



1. If, we are no longer in a customs union then our products that are export to the EU would be covered by an FTA. But of course we won't have one, at least not immediately, depending on the behaviour of the EU lord and masters this could be some time coming. So the remainers have some traction here except:

2. There is a mechanism for WTO countries to comply through what they call MRA’s (Mutual Recognition Agreements). There are many countries which do not have FTAs with the EU these countries trade perfectly well with an MRA in place, including Australia, Japan and the United States. Of course Remainers will obfuscate as the EU could withhold, through some petty squabble such approvals. In which case UK exports to the EU would grind to a halt. This is a nebulas' argument as trade is two-way, and favour the EU.

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