1/ If you're looking for a primer on the Australia-UK FTA agreed in principle today, our geeky trade show has got you covered.

(Full episode Youtube link at the end)

First, @Annaisaac explaining the agreement in 3:27:

2/ Next, @SamuelMarcLowe tries to convince you that it's not a big deal and won't wipe out British farmers:

3/ What about plant health, animal welfare and hormone beef?

We break it down for ten minutes:

If that seems like a lot to you, well... shit's complex, yo.

4/ Is a trade deal with a country 30 days by freighter away a climate change friendly move?

5/ The government is selling this deal as kicking the door in to Asia and CPTPP membership. We discuss whether that's true, and I play 42D trade negotiator chess with the whole thing:

6/ Finally, what happens if a future government wants to pull out of the deal, say as part of an EU Rejoin effort?

Here's how withdrawing from an FTA works:

7/ There was a bunch more content in the full episode of All The Goods Trade Puns Were Taken, as well as some great questions from the live chat audience.

You can watch the whole thing here:

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More from @DmitryOpines

16 Jun
This is my very rough attempt at illustrating how the sheep and lamb quota will work in the FTA based on the Australian government press release.

I've included the entire EU28 Quota as a starting comparison point. The post-Brexit UK "share" of that quota is a bit smaller. Image
This is beef. The EU28 Quota is a lot more complicated here.

Australia got 7,150 tonnes per annum of "High Quality Beef" and split a 6,625 tonne Grain-Fed quota with Argentina, Canada, Uraguay and New Zealand every quarter. I've (generously) included the total of all of that. Image
This is sugar.

EU28 Quota on the chart here is the Australia exclusive portion of the EU28 Quota, but there's also a much larger quota that the entire world (including Australia) gets to fight over. Image
Read 5 tweets
10 Jun
I don't think it's responsible for the media to print the comments of anyone calling for the abolition of the Northern Ireland Protocol without at least roughly sketching out what should replace it.
The NIP is a compromise in damage mitigation.

It's not meant to be make anyone happy. It was an attempt to to find a balance between everyone's unhappiness that preserves the peace, the Union and the Single Market.

An effort the PM and his boosters celebrated at the time.
The reason it was adopted instead of any of the other options is that everything else was even more politically unacceptable.

Remaining in the SM/CU - No for UK
No Border at all - No for EU
Border between Ireland/EU - No for EU/Ireland
Border on the Island - No for everyone
Read 4 tweets
9 Jun
This June 3 demarche doesn't appear to have changed much.

Given how high the domestic and EU-relations stakes are, it would actually be somewhat disturbing if a private diplomatic rebuke by the US charge d'affaires was the secret sauce needed to alter the UK's position or tone.
At some point over the last two years, perhaps in a rare brush with observable reality, conservative opinion shapers in the UK stopped elevating a US FTA to the status of Brexit Golden Idol to be attained at all cost and worthy of any sacrifice.

That's actually healthy.
The flip side of UK conservative thinking pivoting to looking at a potential US FTA deal like a trading nation considering an agreement, rather than like a 4 year old looking at mommy, is that the US threatening to withhold it no longer carries nearly the same weight.
Read 4 tweets
7 Jun
Putting together some "accessible" slides for tonight's show explaining the draft EU Carbon Border Adjustment Mechanism.

My only takeaway so far is that anyone capable of actually navigating this stuff is going to make a tonne of money doing trade facilitation. Image
It honestly just gets worse: Image
Anyway, tune in tonight (twitch.tv/DmitryOpines) when without context or preamble I put that slide up, turn to @SamuelMarcLowe and say, "So break this down for us real quick..."
Read 5 tweets
6 Jun
Someone reached out to say they couldn't watch All the Goods Trade Puns Were Taken on Twitch, so I threw together a Youtube channel.

The full playlist I'll be updating with each episode is here, and I'll grow this thread with each new episode.

Episode 1 covered vaccine nationalism, international taxation, the UK's CPTPP ambitions and Boris Johnson's ill-fated trip to India.

Episode 2 covered the EU's anti-coercion mechanism, how governments are likely to pursue remote workers dodging taxes, and a brief climate discussion of carbon border adjustment taxes and fossil fuel subsidies.

Read 7 tweets
3 Jun

So far there have mostly been "nerdy Brexiters" that have posited without specifics the existence of competitiveness hurting EU red tape to be cut and "nerdy Brexiters" who have a hit-list of red tape they personally hate, but which is far too popular or complex to touch.
That by the is why we're on about the 4th Government Commission/Initiative where it begs someone, anyone, to bring it a list of EU red tape for the bonfire.
EU regulations are far from perfect, and there are doubtless improvements to be made but there really isn't a binder somewhere labelled "Uncomplicated Consequence Free Regulatory Cuts With No Constituency To Boost Growth"
Read 4 tweets

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