Discover and read the best of Twitter Threads about #DirtyBreak
Most recents (1)
Let's be clear, a #NoDealBrexit is NOT a #CleanBreak. It's a #DirtyBreak that resets the clock on negotiations + will cause chaos as we immediately have to comply with WTO rules, lose the exemptions from the MFN clause which we currently enjoy.
#WTOrulesNotOK
#WTOrulesNotOK
2) WTO rules basically mean giving every other WTO member the same level of access to your market, "Most-Favourite-Nation" status.
The MFN clause forbids countries from offering preferential trade terms to another country unless these terms are offered to all other members.
The MFN clause forbids countries from offering preferential trade terms to another country unless these terms are offered to all other members.
3) WTO members are only permitted exceptions from the MFN clause if they are i) a less developed country, or members of ii) a Regional Free Trade Area or iii) a Customs Union.
At present the UK enjoys such an exception + preferential trade with many countries by being in the EU.
At present the UK enjoys such an exception + preferential trade with many countries by being in the EU.
