I have just seen that see you have been spending the night digging yourself an entirely different hole
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I'm not sure whether you didn't read it or didn't understand it. The EU will continue on their existing schedules. Britain don't have any existing schedules so will use WTO default tariffs.
You may be able to see the problems that could arise if a country could simply submit a schedule and then start trading on that basis with no agreement from anyone
So, if you knew why did you say
And I had to correct you
Nobody is trying to stop us trading and I don't know anyone who thinks that, although you keep saying it.
What Russia, USA etc are doing is simply forcing us to use the WTO defaults as they know we can't manage them on a procedural basis or economically.
Anyway, no point in any further time wasting as it isn't going to happen.
And I've never used my crystal ball on an imaginary acquaintance, I'm really not sure what would happen
I’ll explain one more time for the hard of understanding.
Britain has submitted a new schedule of quotas and tariffs to the WTO. These define what volumes of goods we will import and the tariffs we will charge on those volumes (effectively managing the volumes of imports) and are based on the EU quotas and tariffs.
In excess of 20 members have objected to our submissions and negotiations are at a halt. The WTO allows for disputes (which under WTO, can take years to resolve) by allowing the continuation of existing quotas and tariffs in the interim. This is what the EU will use as they have also had their submission for reduced quotas objected to, and a number of Brexiteers have referred to this interim position as the solution to ‘no deal’.
However, for all major trading nations and blocs, Britain does not have any existing quotas or tariffs, as they have always traded under the EU’s Schedules. We do have some negotiated tariffs and quotas for some smaller economies where the EU decided it wasn’t cost effective to negotiate for the EU as a whole.
So, from the day we leave we will revert to the WTOs default tariffs (there are no default quotas) for all major economies and trading blocs. This means that not only will be charging the highest possible tariffs on all imports, but the EU will start charging us tariffs on all goods exported to them. (Currently 95% of our lamb exports go to the EU and these will be subject to a tariff of 50% from day 1). We also lose control of import volumes due to the lack of quotas.
Some interesting figures from Parliament on volumes and tariffs here https://publications.parliament.uk/pa/cm201719/cmselect/cmenvfru/348/34805.htm
We don’t have to apply the tariffs (another Brexiteer argument) but we must treat all WTO members the same (Most Favoured Nation). So, for instance, if we decide not to apply the import tariffs on meat, we destroy the British Beef, Lamb and Pork industries by undercutting them with non-tariffed imports.
The above reasons are why no other nation in the world would ever consider trading solely on WTO defaults.
Besides which, we have no procedures, systems or staff in place to operate any of the above in 90 days time.
Before you go running off desperately trying to find something wrong with what I’ve written above, I can save you the bother. If you can contain your excitement for a few more weeks, Her Majesty’s Government will confirm what I have been telling you for the last 2 and a half years, that ‘no deal’ isn’t going to happen anyway
*edit* And for the benefit of [MENTION=17469]melias shoes[/MENTION], this is just a little of what you don't understand
You didnt correct me......
Glad that is clarified and that we will continue trade unhindered and that they cant stop us trading.
You should tell the idiots on twatter though who think they can.
You didnt correct me......
Glad that is clarified and that we will continue trade unhindered and that they cant stop us trading.
You should tell the idiots on twatter though who think they can.
I thought you said only idiots go on twatter (whatever that may be)
Never been on it myself
We should keep encouraging him....he’ll pop out in Australia shortly and then he’ll be someone else’s problem
