I post my opinion, nothing more, nothing less. It might be right, it might be wrong, but it’s my view. That is the purpose of discussion threads on discussion forums. When you can come up with a post longer than a paragraph that doesn’t use silly words like ‘
**********s’ then perhaps you can tell me to go back to Motors.
"tariff free ultra cheap Indian made goods push domestic stuff out of the market." You seem to want examples of why trade deals would benefit Britain. I'd like to see some examples of cheap Indian made goods that will push out cheap UK made goods.
It’s always a risk when offering tariff free trade to a market with a considerably lower cost base – it means they can export as much as they wish at much lower prices making competition difficult for domestic firms. This can benefit existing foreign companies and also encourage the development of new ones to benefit from the low cost easy trade environment such deals create. You can’t bang the drum for high living wages whilst at the same time wanting free trade with far lower cost economies. How can British firms compete with that if they have to pay so much to operate?
This is already a problem even with tariffs in place because the operating costs are so much lower. Reducing or removing those tariffs exacerbates this.
This isn’t to say a trade deal with India is a bad idea but I’m just highlighting that its fairly obvious they would see a deal like that as ‘heaven’ because they stand to benefit from it far more than we would.
Would anyone here want a free trade deal with China, for example?
Free trade deals work best between economies that are similar, not economies that are disparate. There would be little downside in having a free trade deal with, say, Australia. Or France..
NAFTA is an interesting case in point – look at how much US production ended up in Mexico as a result of NAFTA. As a firm why wouldn’t you?