Brexit thread - what happens next

Status
Not open for further replies.
delta0 said:
Absolutely! The EU are terrible at deals. They have to fill it with restrictions just because a Swedish lobster seller doesn't like the deal. They get half a trade agreement at best. Outside the EU we can get a deal that is focused on our needs.
Click to expand...

Wait a minute, i thought the EU was an evil undemocratic organisation that always got it's way and that we had no say in anything? Surely the evil Junker would love to stamp on the Swedish fishermen and steal their lobster...
 
Mr Jack said:
Switzerland's deal with China gives the Chinese tariff-free access to the Swiss market today on the basis of a promise that they'll grant the Swiss tariff-free access in fifteen years time. Is this the kind of "good" deal you'd like to see the UK negotiate outside of the EU?

It's true the EU can be slow negotiating trade deals, on the other hand they don't accept bad deals and have the market value with which to negotiate for better.
Click to expand...

In May 2013, Chinese Premier Li Keqiang signed the first free trade agreement between China and Switzerland worth more than $26 billion. Direct exports from Switzerland to China account for $22.8 billion in that deal, which was heralded as a "real milestone" by then Swiss President Ueli Maurer. Switzerland has a positive trade balance with China, and both countries are expected to profit from export guarantees, protection of intellectual property and financial cooperations between their largest banks. Switzerland thus became the first continental European country and the largest economy to conclude a free trade deal with China.

Source: https://www.wikiwand.com/en/China–Switzerland_relations

Question to you: How is this a bad deal for the Swiss?

I suggest that you check your facts before rushing the assumption that the Swiss have not benefited from the deal.
 
Think the point was they have to wait 15 years on a promise to start seeing the benefit, where as china start to see it straight away.
 
{T5K}TT said:
In May 2013, Chinese Premier Li Keqiang signed the first free trade agreement between China and Switzerland worth more than $26 billion. Direct exports from Switzerland to China account for $22.8 billion in that deal, which was heralded as a "real milestone" by then Swiss President Ueli Maurer. Switzerland has a positive trade balance with China, and both countries are expected to profit from export guarantees, protection of intellectual property and financial cooperations between their largest banks. Switzerland thus became the first continental European country and the largest economy to conclude a free trade deal with China.

Source: https://www.wikiwand.com/en/China–Switzerland_relations

Question to you: How is this a bad deal for the Swiss?

I suggest that you check your facts before rushing the assumption that the Swiss have not benefited from the deal.
Click to expand...


Source: http://www.wenfei.com/fileadmin/pdfs/China_Publications/Wenfei_FTA_Publication_December_2013.pdf

Page 4, reference to Swiss exports into China:

Whereas duties on some products are eliminated from day one,
duties on the majority of products will be reduced step-by-step on a
yearly basis mostly within 5 or 10, at times within 12 or 15 years.
While some of those tariff rates are gradually reduced to zero, others
are only partially reduced. For example, wrist watches with automatic
winding and a precious metal case are gradually reduced from a base rate
of 11% to a preferential rate of 4.4% over 10 years.
Click to expand...

Also page 4, reference to Chinese exports into Switzerland:

As opposed to exports from Switzerland to China, imports into
Switzerland are not subject to any transition periods: all tariff reductions
occur from day one after the entry into force. The majority of import
duties are reduced to zero.
Click to expand...
 
{T5K}TT said:
I suggest that you check your facts before rushing the assumption that the Swiss have not benefited from the deal.
Click to expand...

Nobody said the Swiss hadn't benefited, but it's not "free trade" as people living inside the EU at the moment would classify it.

From the sources linked in the article you cited:

"Under the terms of the deal, up to 99.7 per cent of Chinese exports to Switzerland would be exempted from tariffs, while approximately 84.2 per cent of Swiss exports to China would also achieve zero tariffs."

"High-level figures in Switzerland's watch-making industry are viewing the deal positively, hoping it will reduce China's import duties on watches from 16% to 12%."
 
Both Hungary and Austria are soon to be holding national votes on issues that could strike further hammer-blows against the future of the European Union, and have announced today they are both to share the same date.

The successful referendum vote in the United Kingdom on leaving the European Union seems to have emboldened Mr. Hofer, who has now said for the first time that if the Union is not capable of change, he would seek to call a referendum for Austria to leave the EU.

Following Britain’s vote to leave the EU so closely, and given Mr. Hofer’s new-found scepticism of the European Union, the vote could become a proxy for the nation’s feelings on Brussels, just as much as an election for Austria’s ceremonial head of state.
Click to expand...
Hungarian president Janos Ader meanwhile has announced his nation’s forthcoming referendum on the European Union’s migration policies will take place on October the second.

Ader’s office said Tuesday that the question to be asked in the referendum will be: “Do you want the European Union to prescribe the mandatory settlement of non-Hungarian citizens in Hungary even without the consent of Parliament?”
Click to expand...
 
If the pound remains at this level, (which I don't think I've seen in my lifetime) will this actually affect the economy, and if so how?

I'm going on holiday to the USA in a few months, so it'll be a lot more expensive for me personally, (last time I went it was about 1.6) but how will this come out in the wider picture? some people say it will actually have a benefit because it'll make our exports cheaper, but I don't see how this can work... I always thought a strong £ to $ rate was a good thing?.. (but I'm no expert)
 
It will be good for exporters (cheaper to export goods abroad) but bad for imports (more expensive to pay for goods coming from abroad) and since we're a net importing economy, the overall effect of a weaker pound is negative for the wider economy.
 
It's a bit weird how everyone said "oh, if we leave the pound will take a dive against the dollar" and it was written off as scaremongering,

nearly 2 weeks later, it's 1.29 against the dollar, and still in decline - and now people are just brushing it aside as a funny joke that doesn't mean anything..

The cost of my holiday has gone up by roughly £500... *shrugs* haaahaha so funny isn't it :D :D :D
 
Us brits are stubborn and we will stamp our feet!
its twerps that say you cant exist without the euro, that makes us vote eu out
just stubbornness i guess

also bojo and farrage have just left us hanging through one way or the other, i honesty think we should have another vote, this time not on the shills.
Maybe it will go to the house of commons we can only hope¬
 
Last edited:
Status
Not open for further replies.
Back
Top Bottom