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Jim Cornelius🇪🇺🇬🇧 #WATON @Jim_Cornelius
, 4 tweets, 2 min read Read on Twitter
"Offer this globally for a 2-year period.."

🤦‍♂️

No point in doing this BEFORE negotiating.

It doesnt offer anything not already on the table with a potential FTA. That's what any free trade deal is. Zero tariffs for substantially all imports.

Plus you've missed the bus...
The UK has already submitted its post-Brexit tariff schedule to the WTO. It replicates the EU schedule, even down to using Euros.

wto.org/english/news_e…
Eg: Oranges, same as EU

Interestingly if you look at the ERGA OMNES TRQ details (src.bna.com/AA0r) the UK gets a 0% share!

Not that this was relevant anyway as pretty much all orange came in under country-specific FTA quotas.

But with no FTAs ??

src.bna.com/AA1
Good thread on this:
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More from @Jim_Cornelius see all

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Where's the rebuttal to Lilley's paper that Dominic Grieve referred to?
Prof Winters article? politics.co.uk/comment-analys…
No that's from August. Same nonsense from Lilley though.
Read 3 tweets
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This really disgusts me. Back in 2015 Owen Patterson was promoting Brexit on the basis that we would leave the "political institutions" but remain members of the EEA/Single Market, possibly joining EFTA and be "big players" at the WTO.

See video in next tweet.
Video part 1/2

He said 4.5-5 million jobs due to the Single Market/EEA. We can be really big players in EEA/EFTA post-Brexit - Owen Patterson from 2015.

Owen Patterson 2019 - Gung-ho WTO.
Video part 2/2

Patterson 2015 - We could become really active in the EEA. Big players on the World Stage and at the WTO.

Erm... Japan's economy is twice the size of the UK's and they get marginalised at the WTO. See follow up tweet.

Patterson 2019 - Gung-ho WTO.
Read 5 tweets
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@_HenryBolton This complete nonsense. The 20% figure is pure fantasy.

On the majority of goods imported into the UK tariffs don't apply because they are imported:

1 From EU
2 From FTA partners at 0%
3 From developing countries at 0%
4 Under a tariff quota at 0%
5 On a 0% tariff rating anyway
@_HenryBolton Before the UK joined the EEC in 1973 we had tariffs and quota restrictions on non-Commonwealth and even some Commonwealth goods that were higher than the EEC's Common External Tariff, and after Brexit we will still have tariffs. The Dept of Intl Trade has no plans to reduce them.
@_HenryBolton EU tariff rates are on the more liberal side compared to other nations and because of EU Trade preferences and free trade deals they do mot apply in many cases.

The World Bank published a report on trade preferences a few months ago.

documents.worldbank.org/curated/en/655…
Read 9 tweets

Related threads

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What has @wikileaks has taught and shown us about the negotiation of secret #trade​ ​agreements? A thread. Add information you've found to be in the public interest that whistleblowers have trusted to the #WikiLeaks archive. #WikiLeaksIsAPublisher #Assange #SubstanceOverSmea​r
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001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
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Read 180 tweets
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"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets
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We’re (10 UK small scale fishermen) here @FishmongersHall at the #FishingInTransition @TheJerryPercy @CreelScff @Bluemarinef @AdrianGahan @SamuelMarcLowe @CER_Grant @CRHClover @Bluemarinef @law_rich @Erin_Priddle @NFFO_UK @SWFPA
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EU official told him early on in #Brexit negotiations, “You [UK] have no cards, except fish.”
Read 100 tweets
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1. A thread on #trade and aid.

One of the first tangible benefits of #Brexit I've seen is the emerging reform of @DFID_UK where it is becoming more of an arm of trade policy than a state owned humanitarian NGO. I would like that to go much further and rethink trade.
2. I do not think we should be wasting too much effort on free trade deals largely because they are of questionable value and encourage inefficient value chains. Any work on tariffs should really be reserved for multilateral activity.
3. Instead we need DfID as the spearhead of our trade policy. There is no reason why we cannot pursue humanitarian goals and enhance our trade while we are at it. For a start we can do a lot with medicines and pharmacy products.
Read 21 tweets
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Thanks to Sam - here's the full text of the draft EU27 guidelines for the future EU/UK relationship. Some thoughts. 1/
2 First, remember these guidelines concern the future relationship after the planned transition/implementation period. This will entail a treaty (probably multiple treaties) which will be separate from the withdrawal agreement (though there may be some links).
3 Secondly, this is a draft which the EU leaders still have to sign off on. Expect some changes in the final text, but not profound ones. After that there is a second stage of more detailed negotiation directives, proposed by Commission, adopted by EU27 ministers (the Council).
Read 25 tweets

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