Bartholomew Gallacher
Well-known member
- Joined
- Sep 26, 2018
- Messages
- 6,963
- SL Rez
- 2002
Well, to say it with Robert Peston (see above):
Here is the fundamental stumbling block to a free trade deal. And truthfully I am not sure how it can be sorted. The EU wants the unilateral right to toughen up its labour laws, or environmental standards or other so-called level-playing-field rules. Any such new rules...
would not automatically apply to the UK. But the EU wants an arbitration mechanism to determine whether the change in rules would confer a competitive advantage to the UK. And if the balance of competitive advantage tilted to the UK, the EU would want to allow...
the possibility of tariffs being imposed on relevant UK exports. And the UK would have the symmetrical right if it so chose to toughen labour laws etc. This is not an issue of sovereignty but of complexity and uncertainty for business. And it is difficult to see...
how a UK government could agree to it. To be clear, the UK has more-or-less agreed not to weaken its existing Labour, environmental and other level-playing-field rules. What is called "non-regression" is almost sorted. But the framework for capturing the risks to each side...
as their laws diverge is proving nightmarishly hard to agree. This stuff is so complex that I honestly don't see how a deal can be done in the three weeks available, even if all the officials were to work through Christmas
In other words: all are on the same page at the moment, but the framework which should capture risks at each side in case somebody misbehaves is a really hard beast to create and to agree with, because it implements anti free trade mechanisms should it be triggered. And that's the main problem at the moment.
Fishing rights? The French already gave the Brits a taste of what will happen if they are unhappy: they would not accept British fish any longer in their fish factories, where a good chunk of British fish gets processed on. And since the majority of British fish anyway gets exported either the Brits would have to eat much more fish from now on, or use it for other means.
Here is the fundamental stumbling block to a free trade deal. And truthfully I am not sure how it can be sorted. The EU wants the unilateral right to toughen up its labour laws, or environmental standards or other so-called level-playing-field rules. Any such new rules...
would not automatically apply to the UK. But the EU wants an arbitration mechanism to determine whether the change in rules would confer a competitive advantage to the UK. And if the balance of competitive advantage tilted to the UK, the EU would want to allow...
the possibility of tariffs being imposed on relevant UK exports. And the UK would have the symmetrical right if it so chose to toughen labour laws etc. This is not an issue of sovereignty but of complexity and uncertainty for business. And it is difficult to see...
how a UK government could agree to it. To be clear, the UK has more-or-less agreed not to weaken its existing Labour, environmental and other level-playing-field rules. What is called "non-regression" is almost sorted. But the framework for capturing the risks to each side...
as their laws diverge is proving nightmarishly hard to agree. This stuff is so complex that I honestly don't see how a deal can be done in the three weeks available, even if all the officials were to work through Christmas
In other words: all are on the same page at the moment, but the framework which should capture risks at each side in case somebody misbehaves is a really hard beast to create and to agree with, because it implements anti free trade mechanisms should it be triggered. And that's the main problem at the moment.
Fishing rights? The French already gave the Brits a taste of what will happen if they are unhappy: they would not accept British fish any longer in their fish factories, where a good chunk of British fish gets processed on. And since the majority of British fish anyway gets exported either the Brits would have to eat much more fish from now on, or use it for other means.








