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Trading under WTO rules is far from secure |
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#1 |
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Forum Member
Join Date: Oct 2015
Posts: 3,660
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Trading under WTO rules is far from secure
As I tried, countless times, to explain over the last few months, just to be shot down by hardline Brexiters, falling back on WTO rules in case of hard Brexit is difficult.
Finally here's proof - http://www.independent.co.uk/news/uk...-a7468766.html https://www.thesun.co.uk/news/237786...k-wto-accesss/ Any and all schedules we propose to trade under need unanimous agreement from all 160 WTO members. Kind of puts the EU negotiation into a different light... after all that's only 27 countries
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#2 |
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Join Date: Mar 2007
Location: Gtr Manchester UK
Posts: 7,918
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Quote:
As I tried, countless times, to explain over the last few months, just to be shot down by hardline Brexiters, falling back on WTO rules in case of hard Brexit is difficult.
Finally here's proof - http://www.independent.co.uk/news/uk...-a7468766.html Any and all schedules we propose to trade under need unanimous agreement from all 160 WTO members. Kind of puts the EU negotiation into a different light... after all that's only 27 countries ![]()
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#3 |
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Join Date: Oct 2015
Posts: 3,660
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Quote:
It's OK, we can trade with Greenland, that old fort called Sealand and South Georgia. No worries, none of them have a poor human rights history either.
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#4 |
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Forum Member
Join Date: Oct 2003
Posts: 10,892
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Quote:
As I tried, countless times, to explain over the last few months, just to be shot down by hardline Brexiters, falling back on WTO rules in case of hard Brexit is difficult.
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#5 |
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Forum Member
Join Date: Nov 2007
Posts: 20,483
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Quote:
Yes I guess the best option, to be entirely sovereign and free, might be to hold a referendum on WTO membership. Let's show them that we can do it all on our own. They need us more than we need them.
Rule Britannia!!!! ![]() ![]() ![]() ![]() ![]()
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#6 |
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Join Date: Sep 2003
Location: Devon
Posts: 47,995
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Iirc we heard all this before which is of course not unusual.
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#7 |
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Forum Member
Join Date: Aug 2016
Posts: 1,004
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Quote:
As I tried, countless times, to explain over the last few months, just to be shot down by hardline Brexiters, falling back on WTO rules in case of hard Brexit is difficult.
Finally here's proof - http://www.independent.co.uk/news/uk...-a7468766.html https://www.thesun.co.uk/news/237786...k-wto-accesss/ Any and all schedules we propose to trade under need unanimous agreement from all 160 WTO members. Kind of puts the EU negotiation into a different light... after all that's only 27 countries ![]() Prior to the brexit the WTO was trying to take a hardline. Since then, they have retreated from that position. A good article, that isn't tabloid trash, can be found here. http://www.eureferendum.com/document...nograph008.pdf |
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#8 |
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Join Date: Jun 2006
Posts: 40,288
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How did I know this would be yet another remoaner article in the Independent.
No wonder it had to go online and dropped its print edition- who would want to pay £1 a day for this endless drivel. |
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#9 |
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Forum Member
Join Date: Oct 2015
Posts: 3,660
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Quote:
How did I know this would be yet another remoaner article in the Independent.
No wonder it had to go online and dropped its print edition- who would want to pay £1 a day for this endless drivel.
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#10 |
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Forum Member
Join Date: Oct 2015
Posts: 3,660
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Quote:
We are already in the WTO. The worst case scenario would be sanctions and compensation payments for having incorrect tariffs and quotas.
Prior to the brexit the WTO was trying to take a hardline. Since then, they have retreated from that position. A good article, that isn't tabloid trash, can be found here. http://www.eureferendum.com/document...nograph008.pdf The fact remains any and all of our proposed schedules need unanimous approval of all members. The WTO doesn't make the calls. The members do. But hey of course we could always break all rules and use the money we won't save by leaving the EU to pay the fines. |
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#11 |
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Forum Member
Join Date: Nov 2007
Posts: 20,483
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Quote:
How did I know this would be yet another remoaner article in the Independent.
No wonder it had to go online and dropped its print edition- who would want to pay £1 a day for this endless drivel. Brexiteer gold, yet again. |
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#12 |
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Forum Member
Join Date: Aug 2016
Posts: 1,004
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Nice try to deflect. No one is saying we are not members.
The fact remains any and all of our proposed schedules need unanimous approval of all members. The WTO doesn't make the calls. The members do. But hey of course we could always break all rules and use the money we won't save by leaving the EU to pay the fines. We can make our own schedules and put them in place. WTO members can then object to these and go to the WTO council and ask for a judgement in their favour, compensation and sanctions. As we are a WTO member trading under WTO isn't a problem but trading legally within the correct tariffs and quotas. The same problem will affect the EU once we leave as they have tariffs and quotas linked to our membership. I don't think you understand how the WTO works with regards to current members, rather than States applying. There are also countless emergency measures that the WTO council can put in place to make sure there will be a smooth running. |
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#13 |
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Forum Member
Join Date: Aug 2006
Location: East Midlands
Posts: 5,005
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Quote:
It's OK, we can trade with Greenland, that old fort called Sealand and South Georgia. No worries, none of them have a poor human rights history either.
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#14 |
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Join Date: Jun 2006
Posts: 40,288
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By all means follow the link to the Sun
![]() ![]() They almost as predictable as the Indy. |
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#15 |
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Forum Member
Join Date: Nov 2007
Posts: 20,483
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Quote:
Whale meat again, don't know where don't know when...
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#16 |
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Forum Member
Join Date: Oct 2015
Posts: 3,660
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Quote:
I think you don't understand.
We can make our own schedules and put them in place. WTO members can then object to these and go to the WTO council and ask for a judgement in their favour, compensation and sanctions. As we are a WTO member trading under WTO isn't a problem but trading legally within the correct tariffs and quotas. The same problem will affect the EU once we leave as they have tariffs and quotas linked to our membership. I don't think you understand how the WTO works with regards to current members, rather than States applying. There are also countless emergency measures that the WTO council can put in place to make sure there will be a smooth running. Really simple - applying non-approved schedules means fines. In the normal process any proposed schedules are either approved or rejected approved by all WTO members in order to avoid the non-smooth running of trade and subsequent fines. |
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#17 |
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Forum Member
Join Date: Aug 2016
Posts: 1,004
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Quote:
I think your comprehension skills are clouded by your ever apparent attempts to prove simplicity for all things Brexit.
Really simple - applying non-approved schedules means fines. In the normal process any proposed schedules are either approved or rejected approved by all WTO members in order to avoid the non-smooth running of trade and subsequent fines. At which point they can ask us to change our tariffs and impose compensation to countries who have been affected and/or sanctions. There is also a raft of rules in place for emergency measures which can be invoked so special circumstances (which I'm sure this would be one). |
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#18 |
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Forum Member
Join Date: Jun 2003
Posts: 97,113
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Quote:
As I tried, countless times, to explain over the last few months, just to be shot down by hardline Brexiters, falling back on WTO rules in case of hard Brexit is difficult.
Finally here's proof - http://www.independent.co.uk/news/uk...-a7468766.html https://www.thesun.co.uk/news/237786...k-wto-accesss/ Any and all schedules we propose to trade under need unanimous agreement from all 160 WTO members. Kind of puts the EU negotiation into a different light... after all that's only 27 countries ![]() |
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#19 |
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Forum Member
Join Date: Jul 2016
Posts: 239
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Quote:
As I tried, countless times, to explain over the last few months, just to be shot down by hardline Brexiters, falling back on WTO rules in case of hard Brexit is difficult.
Finally here's proof - http://www.independent.co.uk/news/uk...-a7468766.html https://www.thesun.co.uk/news/237786...k-wto-accesss/ Any and all schedules we propose to trade under need unanimous agreement from all 160 WTO members. Kind of puts the EU negotiation into a different light... after all that's only 27 countries ![]() The conclusion from those that are in a position to know is yes it could be a problem, but no it isn't likely to be, and even if it is it only means small fines for a short time. It was all rehearsed in front of the Treasury Select committee in July and the conclusion reached that they had far more important and likely things to spend their time on. Its a problem only for those that want there to be problems. |
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#20 |
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Forum Member
Join Date: Dec 2005
Location: In a jar, on a shelf
Posts: 31,672
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Quote:
It must be so frustrating to be sitting in your ivory tower trying to educate the ignorant oiks on this forum. What would they do without your painstaking patience?
So if I want to import/export stuff, I contract per GATT, Marrakesh, Uruguay or even Doha terms. As long as contracts are agreed, and import/export paperwork is in order, it's BAU. If by some chance I end up with a monopoly on say, jellied eels, then competitors or states are free to complain. Basically as long as I trade per these principles- https://en.wikipedia.org/wiki/World_...trading_system it's all good. There's no need for unanimous agreement to my contract, or even UK terms unless there's some objection and it's out of line with Doha.. Which hasn't been agreed yet anyway. |
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#21 |
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Forum Member
Join Date: Mar 2007
Location: Hampshire
Posts: 20,806
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Quote:
I think your comprehension skills are clouded by your ever apparent attempts to prove simplicity for all things Brexit.
Really simple - applying non-approved schedules means fines. In the normal process any proposed schedules are either approved or rejected approved by all WTO members in order to avoid the non-smooth running of trade and subsequent fines. Or the EU put 70% tariffs on some foods? Do you think everybody agreed they should be allowed to do that? |
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#22 |
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Forum Member
Join Date: Oct 2015
Posts: 3,660
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Quote:
How do you think countries like China and India can place up to 50% import Tariffs on cars?
Or the EU put 70% tariffs on some foods? Do you think everybody agreed they should be allowed to do that? China - look up "tariffs safeguarding measures WTO". The EU, being a free trading block, can apply whatever it likes as discussed several times on here. |
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#23 |
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Forum Member
Join Date: May 2010
Posts: 11,490
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Quote:
Carry on trading, regardless. Much as we do with the 160 or so states that aren't in the EU.
So if I want to import/export stuff, I contract per GATT, Marrakesh, Uruguay or even Doha terms. As long as contracts are agreed, and import/export paperwork is in order, it's BAU. If by some chance I end up with a monopoly on say, jellied eels, then competitors or states are free to complain. Basically as long as I trade per these principles- https://en.wikipedia.org/wiki/World_...trading_system it's all good. There's no need for unanimous agreement to my contract, or even UK terms unless there's some objection and it's out of line with Doha.. Which hasn't been agreed yet anyway. |
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#24 |
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Forum Member
Join Date: Jul 2003
Posts: 34,224
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Quote:
Whale meat again, don't know where don't know when...
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#25 |
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Forum Member
Join Date: Jun 2006
Location: Mid Wales / Canolbarth Cymru
Posts: 37,481
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Quote:
How did I know this would be yet another remoaner article in the Independent.
No wonder it had to go online and dropped its print edition- who would want to pay £1 a day for this endless drivel. Quote:
By all means follow the link to the Sun
![]() Yes, no long words there.
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