'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.
This process is already in place for the US and China so we know what to expect - why are we creating mountains out of mole hils?
Surely it is just an extension of what is already in place?
Well, firstly - we don’t know what to expect because nothing has been decided and agreed, and time is running out to put in place new systems and additional capacity.
Secondly, we’re losing our existing trade arrangement not just with the EU, but most of those made through the EU have not been replaced. Switzerland and a few other places apart. There’s no guarantee that even when they are replaced, it’ll be a copy and paste job. For example, based on a quick internet search, it seems that the EU trades with China, India, and quite a few other countries through a Preferential Trade Arrangement.
Switching to basic WTO will be a change there as well, I’m guessing.
There are countries we do trade on WTO terms with, but this a big change in how we operate - kinda of a main point of Brexit, wasn’t it? And it needs a big effort to prepare - otherwise it’ll be under resourced and at risk of failure.
Sal Paradise wrote:
This process is already in place for the US and China so we know what to expect - why are we creating mountains out of mole hils?
Surely it is just an extension of what is already in place?
Well, firstly - we don’t know what to expect because nothing has been decided and agreed, and time is running out to put in place new systems and additional capacity.
Secondly, we’re losing our existing trade arrangement not just with the EU, but most of those made through the EU have not been replaced. Switzerland and a few other places apart. There’s no guarantee that even when they are replaced, it’ll be a copy and paste job. For example, based on a quick internet search, it seems that the EU trades with China, India, and quite a few other countries through a Preferential Trade Arrangement.
Switching to basic WTO will be a change there as well, I’m guessing.
There are countries we do trade on WTO terms with, but this a big change in how we operate - kinda of a main point of Brexit, wasn’t it? And it needs a big effort to prepare - otherwise it’ll be under resourced and at risk of failure.
So you will aware of what is required to trade on WTO terms and how smooth it can be - that AAT has come in handy for you
Please, ACA.
Yes, very it's smooth. Partly because we sea-freight our USD bought stuff in so there's weeks to get the paperwork sorted. And partly because we spend around £150k a year on a team of people who get that paperwork sorted. And then we pay around £1m each month in duty and import VAT. I had forgotten how much you Tories love paperwork and taxes.
Boris Johnson makes Evgeny Lebedev - son of a KGB spy - a lord. Looking forward to the Johnson fans' take on that one. I wonder if it's got anything to do with that Italian house party Johnson attended? Kompromat, maybe?
Boris Johnson makes Evgeny Lebedev - son of a KGB spy - a lord. Looking forward to the Johnson fans' take on that one. I wonder if it's got anything to do with that Italian house party Johnson attended? Kompromat, maybe?