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Peter Ungphakorn
@CoppetainPU
, 4 tweets, 2 min read Read on Twitter
Surprising that @Econs4FreeTrade and @OwenPaterson are still pushing this GATT Art 24 10-year grace period rubbish, this time in the Commons

Ladies and gentlemen, I present you for the umpteenth time, explanations from three different people about why this should stop

1/4
Here's @DmitryOpines on why it's "utter nonsens"

2/4
Here's my little thread on the 3 hurdles that it would face, with a link to a longer blog post explaining what GATT Article 24 says

3/4
And here's trade lawyer @Lorand_Bartels' academic article in the World Trade Review👇🏽

Let's stop wasting time on this red herring. Agree?

4/4
dropbox.com/s/d8dn1x4q0ie5…
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Peter Ungphakorn
@CoppetainPU
This WTO news item contains a lot of general statements of concern and good intentions. But deep down are links to documents on possible outcomes. Most interesting is a brief statement on launching talks on e-commerce (next tweet)

1/3
wto.org/english/news_e…
This is the statement from 76 WTO members on launching WTO talks on e-commerce.

Will they achieve a consensus among WTO members to formally launch negotiations, or will they to do it among themselves?

Where are India, Indonesia?

2/3
docs.wto.org/dol2fe/Pages/S… Screenshot of the main part of the statement
As usual the Swiss government hosted a meeting of trade ministers in Davos.

Here's the closing statement of the Swiss economy minister, who chaired wto.org/english/news_e…

And the list of participants wto.org/english/news_e…
Read 3 tweets
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Peter Ungphakorn
@CoppetainPU
Crunch time approaches (again) & the mythical 10-year grace period of an interim trade deal keeps rearing its head.

Here, let’s keep it as simple as possible.

Just 3 hurdles.

Or if you prefer, you can go straight to @DmitryOpines' colourful thread

1/7
The claim (false) — with "no deal" the UK can continue to trade with the EU on present terms for 10 years under an interim deal notified to the WTO.

Yes, GATT Art.24.5 has a 10-yr “reasonable length of time” for interim agreements

Note "agreement".

2/7
 wto.org/english/docs_e… Screenshot of GATT Article 24 paragraph 5
So, the first hurdle: the EU would have to agree.

In other words

1. There has to be a deal of some kind
2. The EU would almost certainly insist on a Withdrawal Agreement and backstop

If this is agreed, then no need for an interim agreement at all. But let's continue

3/7
Read 7 tweets
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Peter Ungphakorn
@CoppetainPU
The UK and Australia have signed a Mutual Recognition Agreement designed to continue with existing EU-Australia arrangements.

Here's the UK press release gov.uk/government/new….

Meanwhile the Australian press are hailing a separate agreement with the UK on wine

1/4
The UK-Australia wine deal apparently rolls over the present EU-Australia agreement (ec.europa.eu/agriculture/wi…), which consists mainly of lists of geographical indications,

The 100s of EU wines names are presumably excluded from the UK-Australia deal

2/4
gov.uk/government/new…
Here👇🏽 is the full text of the existing EU-Australia wine agreement. Pages 28/54-56 contain Australian geographical indications for wines; pp 28/71-72 have Australian wine quality descriptions.

We'll see if they stay in the deal with the UK

3/4
ec.europa.eu/agriculture/wi…
Read 4 tweets

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