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Rob Fzs
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PostPosted: 12:28 - 22 Jul 2017    Post subject: Reply with quote

Itchy wrote:
Rob Fzs wrote:
At best, there will be very little economic to brexit, the real benefit is becoming a self governing country again Thumbs Up



I'm afraid you won't get this in anything other than hollow rhetoric.

Go see the film Lawrence of Arabia. At the end various Arab tribes have taken over various public utilities of Damascus. They do this to gain a stake and power over what they think will be their new country. Many of the utilities are damaged from the fighting. General Allenby deliberately prevents British engineers from repairing the facilities. They do this to gain control for themselves and the Sykes–Picot Agreement.

Something very similar has happened with the UK. Many of the public utilities are foreign owned. Almost all the electricity, the gas distribution and a lot of the water distribution are foreign owned as are a lot of the companies in the FTSE100.

Therefore it's almost like those sell and rent back agreements. Where you sell you home and rent it back.

What's public utilities got to do with self governance, we could soon have a corbyn in power who could nationalise the lot! Laughing
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PostPosted: 12:29 - 22 Jul 2017    Post subject: Reply with quote

mpd72 wrote:


Or German cars will be made here, not imported?
Have you thought your doom and gloom through?

I take it your silence about the massive awesome EU free trade deals with top RoW economies is an admission of talking shit?


How would they be German cars then?

more tory boy bullshit
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Rob Fzs
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PostPosted: 12:51 - 22 Jul 2017    Post subject: Reply with quote

mpd72 wrote:

No, you can't wriggle out of it that easy.
You said "tariff free deals". Show me these massive economies which have tariff free deals with the EU, or just admit you made it up to make your argument sound more believable.

If you're going to call someone thick as shit for not believing your blatant lie, expect to be scrutinised.
So, prove I'm as thick as shit by showing me one of these "numerous tarrif free deals with big economies"

Rob Fzs wrote:

You're thick as shit, they have numerous deals with all these big economies, mostly tarrif free


The "Balliwick of Jersey" won't cut it as a big economy. I wont expect an answer, because you and I know you were talking shite - you just don't have the balls to admit it.


You really are thick arn't you Laughing

You do not understand trade what so ever

as i said, most deals, like the ones i posted for you, are virtually tarrif free up to a point, to protect your vital industries, what issue do you see with this?

You're just hung up on the tory boy nature of the wording of a free trade deal, the CETA deal with Canada is virtually tarrif free on certain things up to a certain tonnage, and then they have tarrifs on top of this quota tonnage, that both sides agree to, half the time, these countries dont even fill the tarrif free tonnage, so whats the benefit of complete free trade? Laughing these massive deals are more about regulatory convergence


This is why we're better off joining EFTA and continuing the EEA agreement to have the best of both, unfettered access to the single market, and the chance to make our systems better to accept trade from other countries and vice versa

i'm starting to feel sorry for you that all you have is one single argument on a non binary argument , some fantasy free trade deal with everyone, while not considering the ramifications, nor touching on regulatory convergence that is the real barrier to trade.

i love posting all this, while all you reply with is copy pasta from Wikipedia, you'll learn eventually, tory boy. Laughing Laughing Laughing Laughing
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PostPosted: 12:54 - 22 Jul 2017    Post subject: Reply with quote

https://www.eureferendum.com/blogview.aspx?blogno=86383

If the remainers have to put up with being undermined by Tony Blair, they at least have the consolation that leavers have to suffer the crass behaviour of the "Leave Means Leave" and their attempts to bring about a "plane crash" Brexit.

Clearly not having caught up with the idea that we have won the referendum though, they are still fighting the battle. And their latest stunt is to have The Sun announce: "Brexit to chop food bills", while having Owen Paterson claiming in the Sunday Telegraph that: "Brexit will cut shopping bills by £300 a year".

The real detail comes in The Sun, though, where the graphic (above) illustrates a number of foods and beverages, each with the current "EU price" and the supposed lower "new price" that we will be paying after Brexit.

For a start, the prices are meaningless. The figure "EU price" for 250gm of butter, for instance, is cited at £1.50, while the "new price" is £1.10. Yet, go to the Morrisons website and the price is £1.08 – without having to wait to leave. The "EU price" of 300gm of bacon is £2.00, against a "new price" of £1.86, but Morrisons offers £1.84 a pack, or two for £3.00.

Fresh prawns are also on the list. The "EU price" for 165gm is £3.00, with the "new price" at £2.64. This time, Tesco comes to the rescue, with £2.25 for 250gm, equivalent to £1.49 for 165gm. In all three of these cases, shopping around delivers more benefits than Brexit.

That is not the case, though, with bananas. For a bunch of five (notionally one kilo), the "EU price" is 65p. The "new price" is 55p, giving a differential of ten pence. Yet, such is price volatility of this commodity, that Tesco wants 80p.

The reason for the 10p discrepancy, we are told, is that after Brexit a tariff on non-EU goods will no longer apply. Cumulatively, removing tariffs could save us "up to £300" on the annual shopping for a family.

But saving ten pence on a bunch of bananas it not something we want to do – not when you understandthe story which goes back to the "banana wars" and the decision in 2009 when the EU agreed to cut tariffs to €114/tonne by 2017. That works out (at current exchange rates) at 9.8p per kilo.

The point is that the tariff only applies to MFN bananas (mostly Latin American) – about two-thirds of our imports. Bananas from African, Caribbean and Pacific (ACP) countries come into the EU tariff-free. Yet, on the supermarket shelves, there is rarely any price differential.

The reason for that is, as Joanna Blythman explains, that Latin American bananas are cheaper to produce. But this is not for any good reason. They are typically grown on huge plantations owned by transnational fruit exporting companies, or their satellites. Writes Blythman:
the natural landscape will have been flattened to allow for intensive banana cultivation stretching as far as the eye can see. These vast acreages are heavily treated with pesticides, usually by aerial spraying. This is why, in Latin America, the banana is often referred to as "the chemical fruit".

The workers generally live either in lamentable shanty accommodation on site or are bussed in great distances to work a long and punishing day. Paid piece rates, they have to work themselves into the ground to make a living wage.
ACP bananas, on the other hand, tend to be grown by artisan farmers. The communities which depend on them – mainly in the Caribbean – are fragile, and lack resilience. The tariffs offset the worst effects of a historical dependence that needs more time to remedy.

In this context, even those opposed to tariffs would agree that their precipitate removal would do incalculable harm. It would not be in the UK interest to remove them for the time being – and nor would it be wise to settle on a defined end point.

That said, as Blythman also wrote, the current price of bananas is scandalously low. Retail prices bear little relation to the cost of production, and are more a reflection on supermarket purchasing power.

In 2014, you could buy a kilo of bananas for about 68p. Back in 2002 that same bunch would have cost £1.08, 59 percent more. If banana price inflation had kept up with the pace of Mars bars, the fruit would have cost £2.60 a kilo in 2014. Two years later, The Sun has the price at 65p.

It yesterday's price of 80p holds, it will represents an overdue price adjustment which needs to go much further before sustainable prices are being paid. To argue that, because of Brexit, we will see – or want to see - cheaper bananas is beyond absurd.

Never let it be said, though, that the Leave Means Leave can't outdo its own stupidity. For this, it picks up on the featured product: lamb chops. These it will have us buy for an "EU price" of £5.00, while the "new price" is £3.35.

In my survey, the Asda price was £6.00. Tesco came in at £5.50. But the post-Brexit price will be nowhere near £3.35. To get this fictional price, we can see what Leave Means Leave has done. They've applied the third country tariff rate which currently stands at 12.8 percent plus €311.80 per 100 kilos. That is roughly equivalent to a 50 percent tariff. Deduct that from £5.00 and you get your £3.35 (rounded down).

The thing is, nobody pays this. The countries which export to the EU all have tariff-free quotas. This includes New Zealand, with the largest, at 228,254 tonnes annually – which goes mainly to the UK. Supply exceeds demand, so the quota is unfilled each year, with New Zealand only taking up 76 percent of its allowance in 2015. Non-quota lamb is so uncompetitive that virtually all sheep meat is sold through the quota.

What that amounts to is that almost all the lamb sold on the UK market, which is over 90 percent self-sufficient, is quota-free. Post Brexit, prices would only drop if exports to the EU were blocked, diverting export product to the home market and triggering a collapse.

Clearly, this would only be temporary, but the effect on UK farming - and the countryside, which relies on its "living lawnmowers" to keep vegetation in check – would be drastic and long-lasting. A short-term consumer gain is hardly a welcome benefit, and not one to attribute to Brexit.

Moving on from lamb, we next find that the "EU price" for lettuce is £1.25, while the post-Brexit price would be £1.12. The question here is why would there be any saving? And the answer is: there isn't. Leave Means Leave have played the same trick that they used with lamb.

They have taken a 10.4 percent tariff and applied it to total sales. But roughly 55 percent of fresh vegetable consumption is home produced and tariff-free. Of the imports, over 80 percent come from EU Member States, mainly Spain and the Netherlands. They are also tariff-free.

What is more, most supplies from the rest of the world are currently tariff-free. Thus, the vast majority of fresh vegetables (over 95 percent) attract no tariff at all. The difference, pre- and post-Brexit is hardly measurable – there are no savings to be had.

If post-Brexit, we impose tariffs on EU produce, prices might actually go up 4-5 percent. But that notwithstanding, after the recent shortage of lettuces when prices soared, levels have now stabilised. A head lettuce can be bought from Tesco for 40p.

Incidentally, we see a similar tariff dynamic with bacon. We are 55 percent self-sufficient in pig meat (which includes bacon and cured products). The balance is imported mainly from Denmark and Holland. Additional supplies come from Germany, Ireland, France, Spain, Belgium and Poland – all of it tariff-free. Since we pay virtually nothing now, there is virtually nothing to save, post-Brexit.

It would now be tedious to go though the whole list, just to illustrate how untenable the claim is. But it's intriguing to see the "EU price" for 200gm of carrots reported at 90p, and the "new price" at 78p, when you can have 1Kg from Aldi for 43p, the equivalent 200gm price being 9p. Leaving the EU suddenly doesn't look so terribly exciting, if you're only doing it for the money.

Some of the entries in any case look rather silly. We are told to consider that the "EU price" of a 75cl bottle of white wine is £5.75, which will drop, post-Brexit to £5.54. But since we pay no tariffs on wines from EU Member States, there will be no difference (one assumes) if we keep buying wines from that source.

Tariffs on wines, when levied, are charged as a rate per hectolitre. The standard plonk is charged at £117.72 per hl – roughly equivalent to 16p a bottle. The strongest wines can go up to 28p. Theoretically, for many non-EU brands, tariffs will be dropped post-Brexit. Amongst other things, it is reported, that means Brexit will bring flood of cheap Aussie wine to the UK.

However, one can already acquire a tolerable Australian Chardonnay from Asda for £1.75 a bottle. Even if 16p was shaved of the import price, we would probably see no difference on the supermarket shelves. The cost saving would be absorbed.

Nevertheless, we're told that a 75cl Prosecco bottle has an "EU price" of £7.00. Post-Brexit, it is supposed to drop to £6.80. But once again, a notional tariff is being deducted, despite the fact that we're not paying anything on an Italian sparkling wine with GI status.

This, of course, is the product that the foreign secretary picked on when he said that Italy would sell less to the UK if the EU did not allow Britain to remain in the Single Market. But if we don't want to stay in the Single Market, one presumes there will certainly be no drop in price, post Brexit.

That notwithstanding, while Leave Means Leave might want us to pay £7.00 a bottle, Sainsbury's are selling it at the equivalent of £6.00.

Summing up, the saving from Brexit are being over-stated, and what little can be saved is only a fraction of what most households could save by shopping around. Leave Means Leave's strawberries, with an "EU price" for 400gm of £2.75 and £2.44 "new price", can be bought from Sainsbury's at £2.00. Morrisons sell for the same price, or two packs for £3.00. And the list goes on.

If you can't afford the luxury of branded products, you can go own-label. A 500gm pack of ketchup costs £1.75. The "new price" is £1.57. But 550gm of Tesco brand ketchup will set you back 63p. Alternatively, you can bulk up. A 2.5Kg bag of washed Maris Piper potatoes costs £2.00. Unwashed, the unit price halves, when bought in quantities of 12.5Kg.

That apart, shoppers will tell you that prices are going up across the board. Furthermore, pack sizes are shrinking, concealing the scale of the increases. Tiny savings from tariffs are dwarfed by the loss in the value of sterling. It really is not sensible to make such claims about minuscule tariff savings when the overall price trend is upwards and everyone knows it. More to the point, we did not vote for Brexit because we wanted to save a few pence on the food bill.

In the real world, the survival of the farming industry is much more important. And there is somethingLeave Means Leave needs to get stuck into. It has been learned that the government has commissioned no research in the past six months to inform agricultural policy once the UK leaves the EU. It hasn't a clue where it is going, or what it needs to achieve.

Messing about with stories about non-existent savings, therefore, is an unwelcome distraction, a waste of everybody's time when the main issues are being missed.

FACTS OVER FICTION, anyone sitting on the fence over this, just read the above and work out that mdp hasn't got a clue on tariffs, nor the deals they entail, he's just got single sentence tory boy rhetoric
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Rob Fzs
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PostPosted: 12:57 - 22 Jul 2017    Post subject: Reply with quote

https://www.europarl.europa.eu/atyourservice/en/displayFtu.html?ftuId=FTU_6.2.3.html

More facts on trade deals

The EU allows tariff-free imports of all goods (excluding arms and ammunition) from 49 countries around the world, most of them in Africa:

"The Everything But Arms (EBA) initiative[5] grants duty-free and quota-free access for all products, except arms and ammunition, from LDCs. With the reform, it became more focused on 49 LDCs that will benefit from the EBA scheme for an unlimited period. Of these, 33 are African countries, 10 are Asian countries, five are Pacific countries and the last is in the Caribbean (Haiti)."


So don't come back to me and somehow tell me we will get an easy ride when we've got thick as shit brexiteers in charge such as you, the best option is to rejoin EFTA and continue the EEA agreement, have our cake, and eat it, there will fuck all economic benefit from brexit, it's a constitutional question on who governs us and who puts our say towards global regulations.
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Johnnythefox
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PostPosted: 13:12 - 22 Jul 2017    Post subject: Reply with quote

Since both the Government and the opposition back 'leave' what do you suggest we do?
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Rob Fzs
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PostPosted: 13:25 - 22 Jul 2017    Post subject: Reply with quote

Johnnythefox wrote:
Since both the Government and the opposition back 'leave' what do you suggest we do?


The best option is to rejoin EFTA and continue the EEA agreement, have our cake, and eat it, there will fuck all economic benefit from brexit, it's a constitutional question on who governs us and who puts our say towards global regulations

I just fucking hate remainers like Val and Hard brexit wankers like MDP, they both want to sabotage brexit with their crazy batshit idea's that never hold up to scrutiny.

Anything MDP suggests, will take fucking years and years and years to create and that means we'll be in the Eu for as long as the deal is negotiated.
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Rob Fzs
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PostPosted: 13:33 - 22 Jul 2017    Post subject: Reply with quote

mpd72 wrote:
Rob Fzs wrote:
More diversionary bullshit, because I don't have the balls to admit I was talking shite.


Yawn....


Clearly not by the amount of stuff i've posted and you cant even work out who pays tarrifs to who Laughing
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Rob Fzs
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PostPosted: 13:37 - 22 Jul 2017    Post subject: Reply with quote

mpd72 wrote:


Because they'd be German owned brands? It's not rocket science.
Nissan are not a British brand because they're made in Sunderland are they?

How are you getting on avoiding the list of numerous EU tariff free trade deals with big economies? Ready when you are billy bullshit. Wink


This is another one of them arguments i don't understand, the 'German' company would just move production elsewhere :S why would they stay here if the bits they need, have had massive tariffs stuck on them by you? when they can build the same car in say IRELAND, with no tarrifs to pay?

i'll take a punt and say you didn't read all them things i posted before, probably got the attention span of 5 year old i'm guessing? i answering your question right in the middle of it, just to try and educate you Wink .
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Rob Fzs
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PostPosted: 13:41 - 22 Jul 2017    Post subject: Reply with quote

mpd72 wrote:
Rob Fzs wrote:
Still dodging the question and refusing tro admit I was talking shite..:


Cough cough...

Rob Fzs wrote:

You're thick as shit, they have numerous deals with all these big economies, mostly tarrif free


Name one then....


There's no such thing as a free trade deal

If you care to Google "TTIP", a goodly number of reports will refer to it in terms of the creation of "the largest free trade area in the world". And in the simple designation of "free trade area" lies one of the most prevalent misunderstandings, quite literally, in the world. TTIP is not a free trade area (FTA).

The worst of it is that there appears to be no uniform definition of what constitutes an FTA. Wikipedia seems to get it about right, telling us that it involves "cooperation between at least two countries to reduce trade barriers – import quotas and tariffs – and to increase trade of goods and services with each other".

Investopedia puts it more simply, defining it as "a group of countries that have few or no price controls in the form of tariffs or quotas between each other". The Financial Times lexicon, however, considers a free trade area exists: "when two or more countries eliminate tariff and other barriers affecting their trade, while at the same time maintaining or applying tariffs to imports from non-member countries.

The OECD is more specific about those "other barriers", insisting that an FTA is "a grouping of countries within which tariffs and non-tariff trade barriers between the members are generally abolished but with no common trade policy toward non-members".

This latter definition is demonstrably not true. There are many examples where free trade areas exist yet, between members, there are major non-tariff barriers (NTBs). Generally, those agreements which deal specifically with NTBs are termed "second generation" FTAs.

The defining characteristic of an FTA, therefore, is an agreement to eliminate of tariffs and (most) quotas between parties. Without those crucial elements, an area defined by a trade agreement does not qualify as a free trade area.

The main distortions arising from this occur at two levels. Firstly, there is the assumption that, because a geographical area is called a free trade area, it is necessarily an area in which free trade is conducted.

Here, nothing could be further from the truth. Recent history has shown that where tariffs have been progressively reduced, they have been replaced by a complex skein of non-tariff barriers, the financial cost of which is often equivalent to or greater than the original tariffs. In terms of deterring trade, the effects are often more severe and, by no measure can trade be regarded as "free" – as in devoid of restrictions.

The second level of distortion occurs when groups of countries get together to address non-tariff barriers but, for a variety of reasons, do not concern themselves with tariffs.

This may be the arrangements between China and the EU. Historically, in the tradable products which interest China, EU tariffs were already low so there was little to be gained from an FTA. Instead, on accession to the WTO, China undertook unilateral (i.e., non-preferential) tariff reductions while, in its trade agreements with the EU, focused on reducing specific NTBs.

Because there is no mutual agreement on tariffs, the assumption is that there are no "free trade agreements" between the parties, and thus no free trade. The effect of the actually trade deals, though, may be significantly greater in securing trade improvements than the classic FTA.

However, where there are then even more sophisticated trade deals, such as TPP, CETA and TTIP, the outcome is still very far from securing free trade. Rather, as we're seeing, parties agreeing to harmonise rules and standards, and to cooperate in the framing of new rules.

Thus, restrictions are not removed. They are simply harmonised, so that they no longer constitute barriers to trade for those who can afford the compliance costs, and for those whose systems are sophisticated enough to enable conformity with often complex procedural requirements. Again, by no measure is this free trade.

Rather than apply the misleading description of "free trade area" to the likes of TTIP, therefore, it would be more appropriate to call them what they are: common regulatory areas, or CRAs.

The mother of all CRAs is, of course, the European Union, but there is much more to the Single Market than just that Not only is there a common regulatory code, in the absence of common standards applicable to specific products, there is a treaty-mandated mutual recognition of local standards.

But there is even more. Underpinning the Single Market are the four freedoms: the free movement of goods, services, capital and people. These are not add-ons. They are a fundamental part of the Market and go towards making the CRA complete.

This is the reason why those who are advocating "free trade" agreements for a post-Brexit UK – applying the misleading description to a tariff-free zone – are completely missing the point.

Even those who propose using as a model the more sophisticated "second-generation FTAs such as CETA (the EU-Canadian Comprehensive Economic and Trade Agreement) need to understand that this is nowhere near meeting the degree of harmonisation that we see in the Single Market.

Agreements such as CETA are not full CRAs. They might be best described as partial, with only limited harmonisation and then only in specific sectors. Furthermore, there is no mutual recognition of standards. Where there is no common code for a specific product, Canadian exports must conform with EU law, and vice versa. The respective parties retain legislative autonomy in relation to food-related and environmental regulations – and much else.

In terms of trade, anything short of a full CRA with the four freedoms represents a more restricted trading arrangement than the Single Market. And anything less than that will attract a financial penalty - even if it manifests only as an opportunity cost.

This puts the likes of Boris Johnson, Gove and, latterly David Bannerman, on the spot. If they want to take what they insist on calling the "free trade" route, then there will be a cost. It is their responsibility to identify the extent of that financial penalty, and then to argue that Brexit is worth it. What they cannot do with any validity, is argue that there is no financial penalty. Nor can they argue that a partial CRA confers the same degree of access to the EU Member State markets as does participation the Single Market. It does not.

Alternatively, and more sensibly, we can adopt the Efta/EEA route, as part of an evolutionary process of which even the Adam Smith Institute – spiritual home of "free trade" doctrine – seems to approve. That way, we remain a participant in the Single Market CRA and there is no financial penalty.

For the time being, though, we really should stop referring to TTIP and agreements like it as "free trade agreements". They are not. Even if TTIP is approved, which looks increasingly unlikely, it will never be any more than a partial CRA.

And there, in identifying more accurately the nature of the beast, is illustrated its lack of appeal. Seen as a corporate stitch-up between EU and US interests, the harmonisation of regulation is better done at a global level, out in the open at a multilateral rather than bilateral level.

In short, we don't need behind-closed-doors trade agreements to deal with restraints on trade. Intergovernmental agreements, emphasising transparency and accountability, are a better option, especially if priority is given to trade facilitation as well as harmonisation.

Above all else, non-tariff barriers are the target, recognition of which requires breaking away from the tired old mantras, and understanding what we are dealing with. What we end up with is not free trade, but managed trade – and the better the management, the better the results.
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Itchy
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PostPosted: 13:47 - 22 Jul 2017    Post subject: Reply with quote

Rob Fzs wrote:
There's no such thing as a free trade deal


There are numerous free trade deals.

Domestic ones. Though even domestic ones have disputes.

Lancashire doesn't have any trade barriers with Yorkshire for instance.

However the hollowing out effect can be see in a microcosm in the UK.

London competes with the RotW.

Problem is London competes with the regions too and hollows out the regions.
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Rob Fzs
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PostPosted: 13:49 - 22 Jul 2017    Post subject: Reply with quote

Itchy wrote:
Rob Fzs wrote:
There's no such thing as a free trade deal


There are numerous free trade deals.

Domestic ones. Though even domestic ones have disputes.

Lancashire doesn't have any trade barriers with Yorkshire for instance.

However the hollowing out effect can be see in a microcosm in the UK.

London competes with the RotW.

Problem is London competes with the regions too and hollows out the regions.


We're inside a customs union/ single market , read the above ^^

All the answers are there, MDP cant read more than 100 words so he might struggle.
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Itchy
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PostPosted: 13:55 - 22 Jul 2017    Post subject: Reply with quote

Rob Fzs wrote:


We're inside a customs union/ single market , read the above ^^

All the answers are there, MDP cant read more than 100 words so he might struggle.



The answers are all here

https://tariffdata.wto.org/ReportersAndProducts.aspx

The list even for one category of products is immense with tons of sub categories and exemptions. So quick and easy a task it is not.


Oh and there are lots of 100% zero duty things listed as you mentioned.
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Sload
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PostPosted: 20:53 - 22 Jul 2017    Post subject: Reply with quote

Jewlio Rides Again wrote:
The same way it muddles on with the sort of shit you exude on a regular basis?

Can't imagine many people class twenty past midnight as morning, particularly if they've not yet been to bed.

Still night time for the normal people amongst us.


Come on, that was moderately funny Laughing
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Im-a-Ridah
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PostPosted: 21:20 - 22 Jul 2017    Post subject: Reply with quote

Jewlio Rides Again wrote:


The same way it muddles on with the sort of shit you exude on a regular basis?

Can't imagine many people class twenty past midnight as morning, particularly if they've not yet been to bed.

Still night time for the normal people amongst us.


So AM isn't morning according to you? Laughing
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Jewlio Rides Again LLB
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PostPosted: 01:40 - 23 Jul 2017    Post subject: Reply with quote

Im-a-Ridah wrote:
Jewlio Rides Again wrote:


The same way it muddles on with the sort of shit you exude on a regular basis?

Can't imagine many people class twenty past midnight as morning, particularly if they've not yet been to bed.

Still night time for the normal people amongst us.


So AM isn't morning according to you? Laughing


You'll be saying twenty past noon is night time next.
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Itchy
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PostPosted: 07:54 - 23 Jul 2017    Post subject: Reply with quote

Pharmaceutical Tariff Elimination Agreement


https://www.wto.org/images/img_tratop/ch4d_trilat_web_13_3.jpg


A1 Formulations
A2 Bulk medicines
A3 Inputs specific to the pharmaceutical industry
Group B Chemical inputs B
C1 Hospital and laboratory inputs
C2 Medical technology equipment

So what you're saying is based on a tariff saving of 0% for A1 medical products and 0.2% on A2 products and 3% on everything else related to the pharmaceutical industry between developed countries this will make us rich beyond our wildest dreams!


Also EU and US tariffs average 3% with 0% on one of the biggest UK industries Pharmaceuticals. So you're telling me that a saving of 3% will increase UK exports by billions on billions?

This raises the question then if there is 0% why aren't Astrazenica and GSK raping the US Pharmaceuticals industry. Why haven't GSK and ATZ captured all the US market with A1 drugs? After all there is a 0% tariff on them. Meaning effectively it is a free trade deal in name AND in action.



The answer is the US domestic pharma industry protects itself with their own regulations and customs exactly like Rob says. OTOH Pzier tried to take over the UK pharma industry in 2014 and 2015.
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