wrencat1873 wrote:
I just dont think that the EU can afford to let us have a free trade arrangement AND for the UK to strike it's own trade deals elsewhere.
Even if it costs them, I believe that the UK cant be left with the best of both worlds - allowing "us" to take advantage of the benefits of membership, with the added benefits of independence.
Exactly. You get 'frictionless trade' when the other side knows that the products sold in their own country, meet their standards. When the standards are different you have to go through a process to verify what you are selling meets the receiving country's standards.
Currently UK and EU standards are aligned so stuff can go from the UK to the EU without checks. Stuff coming in to the EU from India needs to go through checks.
The issue about signing trade deals elsewhere isn't that the EU cares who the UK signs trade deals with (unlike the US, who insists its trade partners get their approval first before signing trade deals with other countries....). It's the constraints that the EU deal puts on it. If the UK wants a comprehensive trade deal with minimal frictions, it will need to agree to align rules in a lot of sectors. But then if you have aligned on food, and then the US wants the UK to lower its food standards to allow in US food, the UK wouldn't be free to change it's standards because it's already agreed to minimums with the EU. Hence the US could lose interest.
On the other hand, the UK could prioritise the US, lower its food standards, but then the EU will put much higher check requirements on food coming from the UK to the EU.
wrencat1873 wrote:
I dont think that any other nation has such a preferential position and it would be a dangerous precedent for them to set.
And if we end up exiting with no deal, they will be required under WTO rules to offer the same terms of trade to the UK that it does to any country which which it doesn't have a trade deal. If they said we'll make the processes easier for the UK than for India, then India could sue them for discriminatory treatment. The only way the EU will be allowed to trade with the UK on terms other than its (fairly brutal and complex) terms with countries that doesn't have a trade deal with (referred to as 'third countries' in the jargon you might hear on the news) is to have a formal and comprehensive trade agreement with the UK.
Which is a big hard barrel to put the UK over if Boris starts trying to bluff about lets go for no deal. All that talk that some of the Brexiters used to say about 'no deal means lots of little bespoke deals' would be prohibited under the WTO.