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Having a low or zero tariff within a quota (and a high tariff outside) does not ensure that the quota offers real market access.

How the quota is managed — how importers and exporters access the quotas — could obstruct trade.

Here's the report: docs.wto.org/dol2fe/Pages/S…

1/3
Here are the main quotas are administered, each having a different impact on traders' ability to use quotas:

tradebetablog.wordpress.com/2018/09/08/beg…

2/3
Meanwhile the WTO website has a new updated glossary on terms used in agriculture in the the organisation. From ACP to variable import levy.

wto.org/english/thewto…

3/3
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Peter Ungphakorn
@CoppetainPU
Right. And there was I thinking tariff-free UK-EU trade is a given if they can agree a post-Brexit deal.

More and more trade experts are saying that assumption is wrong.

Here's another, @CER_Grant

1/4
Quote: “Unless UK agrees to automatic aligning with EU rules on social/envt/state aid/some tax, UK will not get ‘Canada’ but a much less good deal, with tariffs. This is because France fears a super-competitive ‘Singapore-on-Thames’.”

2/4
standard.co.uk/news/politics/…
And a more detailed explanation in this thread:



3/4
Read 4 tweets
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Peter Ungphakorn
@CoppetainPU
Remember the deadlock in the WTO over splitting the UK's and EU's commitments on tariff quotas (explained here👇🏽)?

The deadlock continues, with further comments today in the WTO Goods Council, from a number of countries.

1/5
tradebetablog.wordpress.com/2018/09/12/hap…
Delegations are said to have repeated their concerns that the UK's & EU's method for splitting the quotas after Brexit reduced the economic value of the present EU28 quotas.

Australia reportedly said that three delays to Brexit added to the uncertainty facing its exporters

2/5
Also queried was the impact of UK-EU trade since proposed splits don't take it into account (an issue that arises if tariffs are raised on trade between the two eg in a "no deal" Brexit).

The US reportedly said this would "crowded out" other countries from the tariff quotas

3/5
Read 9 tweets
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Peter Ungphakorn
@CoppetainPU
"super-Canada trade deal with no alignment"?

“Super-Canada” = more comprehensive than Canada-EU (CETA)

How many people know what that actually means? How many have looked at CETA’s table of contents let alone read the agreement?

Here goes:

1/4
cc: @SamCoatesSky
CETA table of contents part 1 of 3

Note the Canada-EU free trade agreement has tariffs for up to 8 years, but UK-EU could keep tariffs at zero.

Otherwise, "super-Canada" will be more comprehensive than this.

2/4
CETA table of contents part 2 of 3

Quite a lot on regulation, paperwork and rules of origin

"Super-Canada" will be more comprehensive than this.

3/4
Read 5 tweets

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Twenty years ago today, India conducted three nuclear tests at Pokhran. A lot of water has flown under the bridge since then, but in hindsight a few things stand out. 1/n
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Preparations of the test site at Pokhran began in August 1995. In December, Narasimha Rao decided to postpone tests until after the general elections. In 1996, Vajpayee too decided to postpone until after a no confidence motion, which his government did not survive.
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