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28 May, 4 tweets, 1 min read
glwt.
A related story: When Raab banned UK officials from attending EU meetings in the run up to Brexit, Scottish officials kept going to some anyway.
On the UK presenting a united front thing, another related story: I remember witnessing a load of ERG MPs turn up in Warsaw in a last ditch attempt to convince the Polish government to veto any UK request to extend article 50.

The good ol’ days
In summary, I don’t think we’re particularly good at message discipline.

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More from @SamuelMarcLowe

Sam Lowe Profile picture
28 May
The day is finally with us: preference utilisation rates are in the news.
Or why a duty-and-quota-free free trade agreement does not automatically equal tariff-free trade.

(Rules of origin, obv.)
If you’re actually interested in preference utilisation rates - here’s something I wrote about them in 2016:

medium.com/@SamuelMarcLow…
Read 4 tweets
Sam Lowe Profile picture
19 May
Gah - should have covered this in my newsletter.

Imports of food under an Australia-UK trade agreement wouldn’t qualify for tariff-free trade into Northern Ireland (until maybe EU also has an FTA) because the tariff differential between the EU and UK tariff will be > 3%.
And I’m not sure DIT economic analysis on regional impact takes this into account ...
See: Article 3(b)(ii)

assets.publishing.service.gov.uk/government/upl… Image
Read 5 tweets
Sam Lowe Profile picture
5 May
I think this too.
As in, irrespective of the rights and wrongs of IP rules, if you want to vaccinate the whole world as quickly as possible the fastest way to do it is surely to pay the pharma companies ££££££ to license their vaccines and technologies to everyone else.
But if you want to pay pharma less/ make them share technology they don’t want to share, the threat of a covid vaccine waiver could give you additional leverage.
Read 4 tweets
Sam Lowe Profile picture
24 Mar
Something I wish I was taught in school is how to go about saving for a pension. And personal finance in general.
I mean, no one really tells you that personal & workplace contributions to pension should add up to ~10-15% of salary from moment you're working if want to comfortably retire. And that risk profile of auto enrolled work pension scheme probs not appropriate for a 20 year old. etc.
Anyhow, back to tweeting about trade.
Read 5 tweets
Sam Lowe Profile picture
12 Mar
I would expect trade volumes to bounce back a bit in the next release, but still be pretty bad - especially on the export side.
I mean, it's not particularly difficult to understand: if you put up large barriers to international trade, the expected result is trading becomes more expensive and difficult, and therefore there is less trade than if the barriers were not there.

🤷‍♂️
On specifics:

I’d expect exports of manufactured goods to rebound (in line with increasing EU demand) more strongly than UK exports of food, meat, shellfish etc which are ... not in a good place.
Read 4 tweets
Sam Lowe Profile picture
12 Mar
Ummm, someone needs to have a chat with @ONS about both rollover FTAs and why Singapore isn’t China or Japan.
(I know everyone is much more excited about a different thing in the report, but there we go)
Yes, Singapore is a transhipment hub for the wider region, but

a) the UK-Singapore bilateral FTA has no impact on this for UK exports
b) increased transshipment would have shown up as increased exports to Singapore, not to to Japan and China.
Read 4 tweets

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