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Peter Ungphakorn
@CoppetainPU
, 4 tweets, 2 min read Read on Twitter
Obscured by today's Brexit stories: the US list of raised tariffs (authorised by WTO members) retaliating for EU Airbus subsidies.

Some are targeted directly at the UK (nesoi = not elsewhere specified or included).

Lots more from section 4 onward: ustr.gov/sites/default/…

1/4 Screen shot of the first part of section 2 (UK)
UK products affected with 25% added tariffs include: whisk(e)y, clothing (including cashmere), sportswear, bedding, books and other printed matter, tools and machinery, liqueurs, meat, many types of cheeses and dairy goods, etc

More background here



2/4
And here:



3/4
And here



4/4
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More from @CoppetainPU see all

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Peter Ungphakorn
@CoppetainPU
Johnson's Brexit plan: Why customs could be the deal breaker by @tconnellyRTE

@tconnellyRTE We've seen a lot of confusion about what customs checks involve. Everything checked? Nothing checked? In between?

Here's a neat explanation of the UK proposal. Only some consignments are physically checked, all consignments are cleared.

rte.ie/news/analysis-…
@tconnellyRTE Under-reported detail: The UK is "asking the EU to outsource the nature of EU customs law to this body. …

"'This is completely legally fraught. … You can't give an instruction to the Joint Committee to start rewriting the [EU] Customs Code.'"

rte.ie/news/analysis-…
Read 3 tweets
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Peter Ungphakorn
@CoppetainPU
OK, @Jim_Cornelius

Does the WTO Airbus case involve only member states’ subsidies (France, Germany, Spain, UK), or the EU’s as well?

The answer lies in the following docs, the main parts totalling 2,535 pages.

Naturally I read the whole lot this morning before lunch:

1/8 Screenshot of text: The documents<br /> • • Original 2010 panel report, WT/DS316/R (1049 pages plus SIX annexes)<br /> • Original 2011 Appellate Body report, WT/DS/316/AB/R, (645 pages)<br /> • Compliance panel report 2016 — has the EU has complied? — WT/DS316/RW (574 pages plus 154-page annex)<br /> • Appellate Body report on compliance, 2018, WT/DS316/AB/RW (267 pages plus 71-page annex)<br /> Total 2,535 pages excluding annexes
Remember, we only want to know:

Do the rulings involve EU subsidies? Or only subsidies by 4 member states (🇫🇷🇩🇪🇪🇸🇬🇧)

The case is here: wto.org/english/tratop…

To find the docs, click “search all documents”. Use the filter buttons on the left of the search result.

2/8 Screenshot of section under
The rulings are very complex. They include eg:

What’s the cumulative effect of several types of subsidies?

If you subsidise in year X how long does the effect last?

What is the state of the market for the types of aircraft concerned and the effect of the subsidies?

etc

3/8
Read 8 tweets
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Peter Ungphakorn
@CoppetainPU
In case you missed it

Yesterday an arbitration panel authorised the largest ever retaliation in @wto history.

The US can impose tariffs or barriers to services trade on up to $7.5 billion of imports from the EU & member states, including the UK👇🏽

1/13

The US has chosen tariffs rather than barriers on services.

Details and explanations are in that thread (in 1/12 above👆🏽)

and here👇🏽.

It’s worth bearing in mind a number of key points.



2/13
The US has announced retaliation—10% added to tariffs on aircraft, and 25% for other products listed.

It isn’t unilateral. It’s fully legitimate under the WTO’s multilateral system which the UK helped to create & in which the UK is a full member.

ustr.gov/sites/default/…

3/13
Read 15 tweets

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