The EU are negotiating a deal with Australia at the moment too, so it looks like we're going to be in a great position to compare the deal the EU got for its farmers with the best the UK government could manage.
And it's important to note that we haven't seen if the deals we've rolled over are better or not.
Because the exact same deal rolled over, doesn't mean it's equal...
For example, if an EU deal with Mexico gave them quota access of 500 million tonnes of meat, that would be a tonne of meat per person in a 500 million person market.
Roll that over to a 60 million person market, and that's a big increase in market access.
If you were watching closely some of those roll overs involved those quotas into the UK market being made even larger.
So unless you compare the export quotas in the deals to the import quotas, you can't really judge if the deals are as good.
It could be the case that the UK has opened up it's market further than it was before for zero return in access...
So...that's something to consider along with the loss of some cumulation, which admittedly the UK did try to mitigate and on occasion did pretty well under the circumstances.
Rolling over a trade deal with the same quotas should not be judged as being an equivalent deal.
/End
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There is a consistent noise of an over nostalgic trade relationship from people who know as much about our trade relationship in the 70s as they did about all those tariffs the EU puts on the poorest countries in the word. 🙄
UKATA is in no way, shape, or form, reciprocal tariff free trade.
Apart from anything else, trade deals are supposed to be long term. If you believe in the free market, you have to accept that buying and selling patterns are not fixed and market led.
And of course, this. Production can increase to meet demand.
Once again, shelf price and purchase price are not the same thing.
The supply chain needs to be paid.
Food imported at distance is more susceptible to oil price.
Food imported at distance is more susceptible to the competition of other markets.
Food competing with your domestic market weakens food security.
In a free market investors move their money from products that start making less money.
If there is less production and demand remains the same, prices can rise.
The reduction of tariffs should not be seen as a guaranteed cost benefit to the consumer.
Any cost benefit can result in structural changes which ensure this is short term, and actually worse for the consumer.
BJ: Michael, I've just been looking over what you said in the referendum about Scotland, and I was wondering if you still believed it?
MG: Boris, I didn't believe it then! I thought we had an understanding. I thought everybody knew I'm the epitome of the deceitful amoral smug little shit.
With the exception of Chris Grayling, I'm the worst person to be anywhere near a government.
I'm a terrible human being.
BJ:OK, well I'm just reading here that the minister in charge said "Scotland should have the strongest devolved powers of any one earth".
So what they put in place should work in our favour, right?