Sometimes it's hard to figure out what exactly just happened in trade. An EU agri handbook shows that India indeed did not allow all EU apples to enter.
Among those it allowed to enter, though: UK apples.
However, this is a great example of the devil in the detail - and what trade officials do a lot of the time. There are myriads of "little technical" problems that might make your life difficult. Strange technical restrictions (still not sure what this one actually is) &
limited entry points etc etc etc. Talking about these and getting the issues resolved is really important. Of course then it's also important for market participants to know what the issue was that was resolved.
The big Brexit contamination: the UK, in the past, was a sparse user of state aid by choice - because of a conservative, market-based philosophy. And now (short thread)?
Recently there have been several prominent examples of subsidies. And they were praised as a Brexit benefit - we can subsidies because we have left the EU.
As a matter of law this is all complex. EU state aid law is gone, there's TCA rules and WTO subsidies rules, but that's not what this thread is about.
The RKI publishes some interesting information in its Wednesday reports - some good news (short thread)
First of all the delta variant was reported at 37% in Germany. With an incidence rate of 5.2 cases per 100.000 and vaccines at 54.5% (first) and 36.5% (second) on Wednesday, the situation looks like delaying delta has been good so far.
The rise in delta also means that once delta becomes more dominant in Germany, the UK will change its status from virus variant to high incidence. Good news for UK-German travelers (though, of course, rising delta is always bad news)
A thread on trade agreements - namely the CPTPP - and why the devil is in the detail (thread)
1) You will have heard a lot of rather general statements on the CPTPP. "These are roughly the economic gains - altogether I favor membership, but more because of its strategic value than immediate economic benefits" (yes, I'm guilty of that, too. /2
2) Behind these headlines, there's a whole number of really complex questions that make a significant difference in reality - and that also illustrate why more eyes on an FTA is better, to spot any issues. /3
To add to today's debate about a quarantine requirement in the EU for travelers from the UK - one criticism is: why no exception for the fully vaccinated? /1
Worthwhile to point out: the UK has almost all EU Member States on the amber list. Consequence? Quarantine - without exception for the fully vaccinated /2
(Here's the website) gov.uk/guidance/red-a… So maybe we can stop the "oh the EU is angry because of Brexit" stuff and get straight to: WHY is it that neither side recognizes the vaccination of the other side? /3
When FTAs go mainstream, the problem is that every publication needs to write about them. But most don’t have people on staff who understand them. /1
I would guess that a majority of those who have heard about the UK-Oz FTA think that the agreement is in force now. It isn’t. /2
But trade experts really don’t help (nostra culpa, nostra culpa, nostra maxima culpa) by inventing concepts such as ‘agreement in principle’. Where the parties are sure that they’ll reach an FTA shortly, but haven’t yet. /3