Profile picture
Peter Ungphakorn @CoppetainPU
, 9 tweets, 3 min read Read on Twitter
Some interest today in the story about the UK's schedule of commitments on goods at the WTO. Important to remember:

1. The UK's proposed goods schedule is 715 pages. The main problem is tariff quotas, pages 121–142 and 466–468 (25 pages = 3.5%).…

2. There are 4 simple pages on agricultural subsidies proposing a €5.9 billion limit on domestic support and zero for export subsidies. Not really controversial

3. The EU also faces negotiations over its revised tariff quotas (the same ones as the UK).

The difference? …

4. The difference is the EU only submitted tariff quota and immediately as modifications. The comment period expired on October 22. Talks can begin.

5. The UK chose a different route because those 680 pages of regular tariffs should sail through.

6. The UK has only now acknowledged it needs to negotiate. That means a 3 month comment period from whenever it formally kicks off the process (not done yet), followed by talks, which could also start within that period if other countries come up with the detail quickly

7. So long as UK & EU insist the sum of their separate tariff quotas = the present ones for EU28, then their talks with other WTO members are linked. Let's see if that survives.

8. It's all under STANDARD procedures for modifying WTO commitments. Reactions are standard too

Time to re-share this by @DmitryOpines

Best bit:
Q: Oh no, what does that mean?
A: Not a lot.…
And while we're about it, the dramatic "failed" here applies to "swiftly" (not exactly what it seemed to mean), and technically to "replicate" but only on 25 of over 700 pages

Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Peter Ungphakorn
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!