Quite right. They need to focus on the core offer:Originally Posted by clearedforlanding
British tea, jam and biscuits will be at the heart of Britain's Brexit trade plans
I live on CUK
Quite right. They need to focus on the core offer:
British tea, jam and biscuits will be at the heart of Britain's Brexit trade plans
Double Godlike!
During trade talks, the trade secretary heard the Japanese mention "typhoon". Thinking they wanted tea it was included
in the deal.
Last edited by Paddy; 11th September 2020 at 20:43.
"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell
Fingers like lightning
Am I understanding the article(s) correctly, it's 15bn on top of any existing deal? 29+15?
Prof Cunning @ Oxford Uni
It replaces the existing deal - since the existing deal was with the EU.
IF the new deal was worth 29+15, I'm sure that would be the figure that the Pro-Brexit papers would be showing.
As it stands, we've got a trade deal to sell cheese to a country that doesn't eat much cheese, but not only that, we've got them to recognise some of our cheese (e.g. Wendsleydale) as being the new UK equivalent of PGI. (since PGI is an EU term)
I'm perfect, in a very specific and limited way.
Hands... out infractions
Face... the music
Space... between the ears
Fingers like lightning
If it is like-for-like then the opening of the Gov release is certainly a bit "creative":
The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion.
More fingers than teeth
Although it is being lauded as a new trade deal, it is still only 'in principle'. The Japanese still haven't announced it and neither country has released the actual treaty yet. Until that is done, I wouldn't hold your breath
You also have to remember that it pretty much replicates everything the UK already has with the current trade deal under EU rules except for one large aspect...If the UK imports something from Japan and then uses that in goods to export to the EU, if there is a 'no deal' then there is a lot more paperwork and tariffs to be paid on top so not a 'win win' situation in that case
“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”
Fingers like lightning
I don't know how you can try to spin this negatively.
The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion.
More fingers than teeth
As Britain currently has no explicit trade deal with Japan apart from the one via the EU, then trade is basically 0 although you can see how much trade the UK does with Japan under the EU treaty in the figures below (its around 14bn). Once Britain frees itself from the shackles of the EU, then the new trade deal will be worth 15bn per year. The question to be asked is how much is the current trade deal via the EU worth and is that 15bn an improvement or not?
This might be the document from HM Gov, but doesn't actually say when it was written:
https://assets.publishing.service.go...s_approach.pdf
And these are the official government trade figures:
https://assets.publishing.service.go...sion_final.pdf
Some further points:
According to various websitea:The deal removes Britain’s tariffs on Japanese cars in stages to zero in 2026, which is the same as in the Japan-EU trade agreement.
British exports to Japan are worth an impressive £14.8 billion a year, pretty much evenly split between goods and services, making Japan the UK’s 7th largest market on a value added basis.UK exports of trade goods to Japan were worth around 8.3 billion U.S. dollars in 2019, a decreased from the previous year.
“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”
Prof Cunning @ Oxford Uni
I've just noticed it.
The creative bit is after the word "billion". It's a full stop.
It doesn't say £15.2 billion PER YEAR. It's a figure with no time against it. Sign a 5 year treaty, and £15.2 becomes £3.04
The devil is in the details
I'm perfect, in a very specific and limited way.
Hands... out infractions
Face... the music
Space... between the ears
Fingers like lightning
Yeah it could be but you tried to spin it as a decrease in trade when it isn't.
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