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Peter Ungphakorn
@CoppetainPU
, 3 tweets, 2 min read Read on Twitter
China has circulated a new paper in the WTO fisheries subsidies negotiations, a timely reminder that members want proposals consolidated into a single draft text by the end of July.

wto.org/english/news_e…

1/2
The new Chinese paper proposes three methods for "capping" fisheries subsidies, without specifying yet what those caps should be.

It also proposes "Green Box" subsidies, which would be uncapped, and special treatment for developing countries.

2/2
docs.wto.org/dol2fe/Pages/S… Screenshot of headings 2.2 to 2.4Screenshot of headings 2.5, 3 and 4
P.S. Note that setting subsidy limits as a percentage of a base period figure (money paid, catch size, or workforce size) means those limits are fixed even while the industry expands or population/workforce grows
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Peter Ungphakorn
@CoppetainPU
Forgive me for being puzzled by this claim that the UK-S.Korea agreement provides “total” continuity.

This text is not available yet. But so far the agreements with major trading partners don’t seem to be “total”. Am I missing something?

Thread, 1/13

For a start, deals with Switzerland, & with Norway/Iceland, do not cover services.

The one with Switzerland is only “total” for goods during the Withdrawal Agreement’s transition, not if the UK & EU have no deal, and not beyond the WA’s transition.

2/13

tradebetablog.wordpress.com/2019/02/12/uk-…
What about Norway & Iceland? All the documents and a report to the UK Parliament are here: gov.uk/government/col…

These are some extracts of what the report to Parliament says. On services:

assets.publishing.service.gov.uk/government/upl…

3/13 Screenshot of summary from linked document heading
Read 18 tweets
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Peter Ungphakorn
@CoppetainPU
1. Either

a. The UK trades with all, including the EU, under WTO rules—that's a fact

Or

b. The UK has free trade agreements with the EU, Norway, Iceland, Switzerland, Japan, Canada, S Korea and dozens more

And

The US and China also have FTAs with neighbours and many others
2. Here are China's free trade agreements. Note how many are with China's neighbours in the Asia-Pacific region.

No one trades only on basic WTO terms, and trade agreements with neighbours matter.

fta.mofcom.gov.cn/english/index.… List of China's free trade agreementsLists of China's free trade agreements under negotiation or consideration
3. And here's the list of US free trade agreements. Note how many are with neighbours or near neighbours. The biggest is NAFTA/USCMA with Canada and Mexico

No one trades only on basic WTO terms. For the US trade with neighbours matters immensely.

/ends

ustr.gov/trade-agreemen… List of US free trade agreements
Read 4 tweets
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Peter Ungphakorn
@CoppetainPU
Right. I'm busy today, so today's Article 24 bulletin is before lunch.

This time it's about something a professor in international economic law has written, @davidcollinslaw of City, University of London

1/5
brexitcentral.com/the-next-pm-sh…
This is what @davidcollinslaw wrote.

1. There's no such thing as an interim agreement “in principle”. Either the UK & EU agree or they don't.

2. What’s the advantage of an “interim” agreement? It could be a final one replaced later. Simpler.

3. …

2/5
brexitcentral.com/the-next-pm-sh… Screenshot highlighting
3. The General Agreement on Trade in Services (GATS) Art5 does NOT include an interim agreement.

4. If it’s “virtually frictionless trade” why replace it with a “final” deal? A short-term deal while negotiating a better one is bound to be inadequate

3/5
brexitcentral.com/the-next-pm-sh… Repeated screenshot again highlighting
Read 5 tweets

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