UK and India Seal Major Trade Agreement Amid Political Firestorm

[Thingamabob]

3 hours ago, Patong2021 said:

 

And what is the large number of Indian workers  who will arrive?  Are you aware that the agreement is in respect to workers who are temporarily transferred by their employers and does not apply to anyone off the boat or airplane?   There is no waiver of the £1000  immigration health insurance surtax. It will also benefit UK workers who work in India. 

 

 

Several hundred and, yes, I am aware.

[Thingamabob]

Just now, Thingamabob said:

Several hundred and, yes, I am aware.

I should add, thank you for your contribution, and have a nice day.

[JonnyF]

21 hours ago, brewsterbudgen said:

They're black.

 

Mine is Blue. 

[RayC]

5 hours ago, JonnyF said:

 

How about this one? 

 

 

But I'm sure the EU are "working on" a similar deal. 😆

 

Unlike the UK, the EU is large enough to have some negotiating strength when dealing with the US, and therefore does not need to sign the first piece of paper placed before it.

 

The US -UK deal is better than nothing, but I wouldn't be getting the bunting up and declaring Brexit a roaring success on the back of it. Your linked article makes clear just how limited this deal is. For example:

 

"Rather than a sweeping free trade agreement ... the deal is set to include targeted tariff reductions and serve as a symbolic diplomatic gesture more than a transformative economic policy."

 

" .. the economic impact is likely to be modest ... the deal is aimed more at mending past trade tensions rather than establishing a new era of significant transatlantic commerce. The potential for broader cooperation with the European Union—still the UK’s largest trading partner—is widely considered more economically crucial."

 

"Chancellor Rachel Reeves (stated), “I understand why there's so much focus on our trading relationship with the US but actually our trading relationship with Europe is arguably even more important, because they're our nearest neighbours and trading partners"

[JonnyF]

7 minutes ago, RayC said:

 

Unlike the UK, the EU is large enough to have some negotiating strength when dealing with the US, and therefore does not need to sign the first piece of paper placed before it.

 

The US -UK deal is better than nothing, but I wouldn't be getting the bunting up and declaring Brexit a roaring success on the back of it. Your linked article makes clear just how limited this deal is. For example:

 

"Rather than a sweeping free trade agreement ... the deal is set to include targeted tariff reductions and serve as a symbolic diplomatic gesture more than a transformative economic policy."

 

" .. the economic impact is likely to be modest ... the deal is aimed more at mending past trade tensions rather than establishing a new era of significant transatlantic commerce. The potential for broader cooperation with the European Union—still the UK’s largest trading partner—is widely considered more economically crucial."

 

"Chancellor Rachel Reeves (stated), “I understand why there's so much focus on our trading relationship with the US but actually our trading relationship with Europe is arguably even more important, because they're our nearest neighbours and trading partners"

 

Well let's see what the EU can do, if anything.

 

Australia, India and now the US have all been negotiated by the UK since Brexit. 

 

The EU? Not so much. 😄 Still chugging along aimlessly like a corrupt, rusty old oil freighter, unable to accelerate, unable to change direction.

 

Viva Brexit!! 

[RayC]

24 minutes ago, JonnyF said:

 

Well let's see what the EU can do, if anything.

 

Australia, India and now the US have all been negotiated by the UK since Brexit. 

 

The EU? Not so much. 😄 Still chugging along aimlessly like a corrupt, rusty old oil freighter, unable to accelerate, unable to change direction.

 

Viva Brexit!! 

 

Copy of my reply to you on the UK-US trade deal thread:

 

The UK rolled over 68 EU-negotiated trade deals and has signed 5 new deals since Brexit with:

 

(1) The US: Extremely limited in scope and expected to have minimal economic impact 

 

(2) Japan: An extension of the EU - Japan deal. Very few marginal gains.

 

(3) Australia and (4) New Zealand: Deals described by George Eustice, a Brexiter ex-Environment Minister as follows, “Overall the truth of the matter is that the UK gave away far too much for far too little in return.”

 

(5) India: The one significant deal. However, should the EU and India reach an expected agreement later this year, the UK - India deal will need to be measured against that.

 

And all these deals have been made against the cost of making life more difficult for exporters to and importers from our biggest market which is on our doorstep.

 

Yep, viva Brexit!🤦

[JonnyF]

7 minutes ago, RayC said:

 

Copy of my reply to you on the UK-US trade deal thread:

 

The UK rolled over 68 EU-negotiated trade deals and has signed 5 new deals since Brexit with:

 

(1) The US: Extremely limited in scope and expected to have minimal economic impact 

 

(2) Japan: An extension of the EU - Japan deal. Very few marginal gains.

 

(3) Australia and (4) New Zealand: Deals described by George Eustice, a Brexiter ex-Environment Minister as follows, “Overall the truth of the matter is that the UK gave away far too much for far too little in return.”

 

(5) India: The one significant deal. However, should the EU and India reach an expected agreement later this year, the UK - India deal will need to be measured against that.

 

And all these deals have been made against the cost of making life more difficult for exporters to and importers from our biggest market which is on our doorstep.

 

Yep, viva Brexit!🤦

 

Like I said, the EU lagging behind Brexit Britain when it comes to making deals. 

 

Let's see if they can actually make a trade deal for once. Germany certainly needs one with the US. Tick Tock.

[RayC]

5 minutes ago, JonnyF said:

 

Like I said, the EU lagging behind Brexit Britain when it comes to making deals. 

 

Let's see if they can actually make a trade deal for once. Germany certainly needs one with the US. Tick Tock.

 

It's hardly surprising that the necessity of firstly having to reach consensus among the 27 EU Member States before the EU can sign a trade agreement means that the process can be lengthy. As a single entity, the UK does, indeed, have a potential advantage when it comes to speed in negotiations.

 

However, what the EU lacks in nimbleness it more than makes up for in negotiating strength. The EU appears to work on the maxim that, 'No deal is better than a bad deal'. Unfortunately, the deals that the UK has struck with Australia and NZ suggest that we do not have that strength.