petej + wto   71

Brexit: How many trade deals has the UK done? - BBC News
In the countries where the UK had no formal trade agreement, both would have to trade under the rules overseen by the World Trade Organization (WTO).

Under this system, every WTO member is free to negotiate its own tariffs - or taxes - on different goods. But under the rules, members have to offer the same tariff to every other WTO country.
UK  EU  trade  negotiations  freeTradeAgreement  Switzerland  Israel  SouthAfrica  Australia  NewZealand  WTO  tariffs 
12 weeks ago by petej
The Brexiteers’ idea of how WTO rules would work is pure fantasy | Kojo Koram | Opinion | The Guardian
To understand why parts of the Tory party are happy for Britain to walk in the opposite direction to the rest of the world regarding WTO terms, we must understand their attraction to the myth of how in centuries past, Britain became rich through “global free trade”. With influential economists David Ricardo and Adam Smith serving as intellectual forefathers, Britain’s rise to prominence is seen as intertwined with the rise of the doctrine of free trade, with the removal of legal restrictions on trade producing a system where natural British industriousness and innovation could thrive.

Celebrating and exaggerating Britain’s free-trade policies of the late 19th century, this narrative ignores the prologue to the story, in which the British empire first accumulated wealth through gunboat diplomacy and enforced markets over the 18th and early 19th centuries. Britain only embraced unilateral zero tariffs once its geopolitical power had been built up, and it would quickly depart from free trade and move towards protectionism at the start of the 20th century through the policy of imperial preference, encouraging trade within the empire.

However, the myth persists that anything that promotes free trade promotes British interests. Brexiteers promote a fantasy ideal of the WTO being the answer to all Britain’s problems despite the libraries of research that argue that its rules lead to the impoverishment of countries that have to rely on them. Because Brexiteers misunderstand Britain’s past, they believe that Britain has a “special relationship” to world trade. They cannot fathom the damage that relying on WTO terms to govern trade with our largest trading partner will do to the economy, even if it is obvious to rest of the world.
UK  EU  Brexit  noDeal  WTO  trade  freeTrade  history  delusion  hardBrexit  politics 
december 2018 by petej
Ivan Rogers’ Brexit bombshell, digested | Martha Gill | Opinion | The Guardian
There is a contradiction at the heart of the argument made by many of those advocating no deal. They say both that WTO terms are good enough for the UK to trade on, and that Britain’s prosperity depends on it striking multiple trade deals abroad.

Rogers puts it like this: “You cannot simultaneously argue that it is perfectly fine to leave a deep free trade agreement with easily our largest export and import market for the next generation, and trade on WTO terms because that is how we and others trade with everyone else – and argue that it is imperative we get out of the EU in order that we can strike preferential trade deals with large parts of the rest of the world, because the existing terms on which we trade with the rest of the world are intolerable.”
UK  EU  Brexit  negotiations  politics  delusion  sovereignty  agency  power  Article50  transition  EU27  withdrawalAgreement  singleMarket  LancasterHouse  freedomOfMovement  WTO  noDeal  trade  freeTradeAgreement  services  transparency  secrecy  dishonesty  RogersIvan  speech  Liverpool 
december 2018 by petej
Will Nissan stay once Britain leaves? How one factory explains the Brexit business dilemma | News | The Guardian
“The deal [is] tangible evidence of the benefits to the UK of membership of the European Community; Nissan [has] chosen the United Kingdom because it [gives] them access to the whole European market. If we were outside the community, it is very unlikely that Nissan would have given the United Kingdom serious consideration as a base for this substantial investment.”


In fact, after Cornwall, the north-east receives England’s second-highest amount of EU structural funding proportionate to its population, according to a report compiled before the referendum for Sunderland’s public and private sector partnership, the Economic Leadership Board. The current round of EU funding, being managed by the region’s local enterprise partnership, is £437m between 2014 and 2020. Nissan itself, according to Farnsworth’s research, has received £450m in loans from the European Investment Bank, and £347m in grants and other public funding, from the UK and EU.
Nissan  cars  manufacturing  business  Sunderland  employment  jobs  HodgsonSharon  Brexit  EU  components  supply  just-in-time  efficiency  singleMarket  customsUnion  WTO  noDeal  GhosnCarlos  Renault  Mitsubishi  investment  costs  unemployment  deprivation  poverty  industry  ThatcherMargaret  HeseltineMichael  Japan  Honda  Toyota  grants  government  Unite  tradeUnion  GibsonIan  uncertainty  RamsbothamJames  dctagged  dc:creator=ConnDavid 
october 2018 by petej
Brexiteers have lost sight of the greatest free trade prize of all | Rafael Behr | Opinion | The Guardian
No developed country trades purely on “WTO rules”. The idea that Britain should be the first to give it a go has gained currency in the Conservative party from sheer embarrassment. It is not a model for post-Brexit trade, it is a euphemism for failure to understand the true value of EU membership. It conveys a deep unwillingness to admit any kind of dependency on our European neighbours, even the mutually beneficial dependency of the single market – the largest, most sophisticated free-trade zone in the world, conceived and driven in large part as a British initiative, by Conservative governments.

This is the sad island where a generation of Tories find themselves intellectually discredited and marooned. They wanted to unchain Britannia and they ended up uncoupled from their own history, unmoored from basic geography, and adrift from economic reality.
UK  EU  Brexit  trade  customsUnion  RaabDominic  MayTheresa  FoxLiam  WTO  failure  dctagged  dc:creator=BehrRafael 
august 2018 by petej
Financial Globalisation Has Been a Disaster. Brexit Gives Us a Chance to Resist It | Novara Media
The left was right to campaign against leaving the EU in 2016. Based on the tenor of the campaign, it was clear the Leave campaign would embolden the xenophobes and nationalists that exist across the class spectrum in the UK. This prediction was proven chillingly correct with both the spike in hate crime that followed the referendum and the movement that has emerged around Tommy Robinson over the last few weeks. The left should deplore and, if necessary, physically resist such acts of violent racism.

But fighting fascism does not mean accepting globalisation. The fact is, working class people are right to be pissed off about global economic and financial integration – especially those in the places that have been most ravaged by it. Financial globalisation has led to the concentration of capital in a series of financial entrepots, more integrated into the global economy than they are with their own countries. Rather than using this capital for productive investment, these centres have repurposed it for the kind of financial wizardry that caused the 2008 crash. London is in many ways the global financial hub par excellence, with the City of London the vampire squid sucking on the face of the global economy.

The left should be making a case for Brexit that involves resisting financial globalisation, whilst welcoming immigrants from the parts of the world that have been most ravaged by both colonialism and free market neocolonialism.
finance  economics  politics  globalisation  financialisation  neoliberalism  anti-globalisation  IMF  WTO  protest  activism  StiglitzJoseph  KrugmanPaul  TheLeft  France  nationalisation  Greece  Italy  EU  Euro  singleMarket  UK  Brexit  referendum  campaigning  immigration  intervention  economy  dctagged  dc:creator=BlakeleyGrace 
june 2018 by petej
Why I Feel Bad for the Pepper-Spraying Policeman, Lt. John Pike - National - The Atlantic
While it's easiest to note the incidents of police violence, the protesters' cameras also record what's *not* in the images. Authorities have long claimed that they were merely battling the "black bloc" of violent anarchists. But when you look at all these videos, the bogeyman isn't there.

Instead, it's a dozen scared kids and a police officer named John Pike spraying them in the face from three feet away. And while it's his finger pulling the trigger, the police system is what put him in the position to be standing in front of those students. I am sure that he is a man like me, and he didn't become a cop to shoot history majors with pepper spray. But the current policing paradigm requires that students get shot in the eyes with a chemical weapon if they resist, however peaceably. Someone has to do it.
politics  Occupy  protest  students  UCDavis  police  policing  USA  violence  PikeJohn  pepperSpray  Seattle  WTO 
november 2011 by petej

related tags

activism  agency  Airbus  amendments  anti-globalisation  Article50  austerity  Australia  backstop  banks  BarnierMichel  BennHilary  BlueLabour  BolesNick  borders  Brazil  BrettonWoods  Brexit  business  campaigning  Canada  cars  CBI  Chequers  China  citizenship  CivilService  commonRulebook  compensation  competition  components  CooperYvette  CorbynJeremy  costs  customsUnion  DavisDavid  Davos  dc:creator=BehrRafael  dc:creator=BlakeleyGrace  dc:creator=ConnDavid  dc:creator=CooperYvette  dc:creator=ElliottLarry  dc:creator=HaywardEdwin  dc:creator=MasonPaul  dc:creator=PeretzGeorge  dc:creator=SeymourRichard  dc:creator=StarmerKeir  dctagged  deficit  DEFRA  delusion  democracy  deprivation  dishonesty  DromeyJack  ECHR  ECJ  economics  economy  EEA  efficiency  EFTA  election  emergency  employment  environment  ERG  EU  EU27  Euro  Europe  exports  failure  FederalReserveBank  finance  financialisation  food  FoxLiam  France  freedomOfMovement  freeTrade  freeTradeAgreement  freeTradeArea  FriedmanThomas  FTA  GATT  GDP  GhosnCarlos  GibsonIan  globalisation  GoveMichael  government  grants  Greece  GreenParty  growth  HammondPhilip  hardBrexit  HeseltineMichael  history  HodgsonSharon  Honda  HouseOfCommons  HouseOfLords  IEA  ignorance  IMF  immigration  impact  imports  industry  inflexibility  interestRates  intervention  investment  IPR  Ireland  Israel  Italy  Japan  jobs  JohnsonBoris  JunckerJean-Claude  jurisdiction  just-in-time  KrugmanPaul  LabourParty  LamyPascal  LancasterHouse  LatinAmerica  LawsonNigel  LawtherColin  legal  letter  LetwinOliver  LiberalDemocratParty  LilleyPeter  Liverpool  MajorJohn  MalthouseB  MansionHouse  manufacturing  MasonPaul  MayTheresa  metals  MilibandEd  militarisation  minerals  mining  Mitsubishi  nationalisation  negotiations  neoliberalism  NewZealand  Nissan  noDeal  NorthernIreland  Norway  Occupy  OpenBritain  Parliament  passporting  PatersonOwen  pay  PeoplesVote  pepperSpray  PikeJohn  planning  police  policing  politics  poverty  power  prices  protectionism  protest  publicSector  quotas  RaabDominic  RamsbothamJames  rareEarthMinerals  ReaganRonald  recession  RedwoodJohn  Rees-MoggJacob  referendum  regulation  regulatoryAlignment  Renault  report  RodrikDani  RogersIvan  rules  Russia  sanctions  SandersBernie  scarcity  Scotland  Seattle  secrecy  security  selectCommittee  services  singleMarket  SMMT  SNP  SouthAfrica  sovereignty  speech  SpelmanCaroline  standards  stateAid  steel  StiglitzJoseph  students  subsidies  SummersLarry  Sunderland  supply  Switzerland  tariffs  tax  Thatcher  ThatcherMargaret  TheLeft  TheRight  ToryParty  Toyota  TPP  trade  tradeUnion  tradeWar  transition  transparency  TrumpDonald  TTIP  TuskDonald  UCDavis  UK  uncertainty  unemployment  Unite  USA  video  violence  wages  withdrawalAgreement  WTO  YellenJanet  YouTube 

Copy this bookmark: