, 6 tweets, 3 min read Read on Twitter
1/ The UK and Israel have signed a post-Brexit trade continuity agreement. You need to scroll well down the press release to see that the text rolls over the EU/Israel FTA.
Some points. gov.uk/government/new…
2/ As @Annaisaac spotted, the press release points out that a free trade agreement increases trade between the parties. An awkward admission for no deal advocates.
3/ Also, the treaty is not a complete roll over. It only replicates the existing FTA "as far as possible". We don't know the details without seeing the text. It applies also in a no deal scenario.
4/ By definition, the new treaty can't carry over rules of origin - ie an Israeli product processed in the UK still retaining free trade status if exported to the EU - unless the EU agrees.
5/ There's also a political issue (with an economic impact) of whether the treaty applies to products produced in Israeli settlements.
6/ Broader context: a UK/Palestinian authority FTA is reportedly on track to be rolled over by Brexit Day. All the other Middle East/North Africa FTAs are *not*. // thesun.co.uk/news/brexit/84…
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