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16 Jul, 5 tweets, 2 min read
Q: how does the West keep China as rival, not allow it to become an enemy?

Annual #Ditchley Lecture by @TurnbullMalcolm ponders this -- break out the deck chair, put up the parasol and give this a read. Fascinating and thoughtful. /1

ditchley.com/sites/default/…
@TurnbullMalcolm What do you do when Western democracy is being assailed by destructive forces of populism (recalls storming of US Capitol) and China is getting ever-more assertive of its rival, autocratic system -- but for trade, for global problem solving (climate eg) we need China /2
How should our universities interact with China to deepen relations without opening door to technology theft, students getting in trouble back home? /3
How do we square Western market economic ideas with need to retain some autonomy on security critical technology (viz. 5G, rare earth metals) when Chinese subsidy of national champions has left the West over-reliant on China in these areas? /4
It's a genuinely fascinating lecture...bullets/cribsheet here if the siren call of the pub keeps you from the whole thing

ditchley.com/sites/default/…

Good weekend all. 5/ENDS

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Peter Foster Profile picture
9 Jul
It's OUT!! My weekly #Brexit Briefing for @ft
This week: the transition from "CE" safety marks (u see them on everything) to "UKCA" marks - the UK's post-Brexit copycat version - which is creating pointless headaches for business...stay with me /1

on.ft.com/36lvXeS
@FT So what's this about? Well, as an expression of UK sovereignty after #Brexit the UK decided that it wanted its own equivalent of a CE mark -- even tho it remained part of European Standards Organisation which co-ordinates standards -- so UKCA was born /2

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@FT Since standards are the same, and most businesses (in non risky sectors) can "self-certify", you might think this is just what @SamuelMarcLowe calls "performative divergence" -- just for #brexit show and a bit of harmless form-filling. Alas not. /3
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2 Jul
🚨🚨🇬🇧🇪🇺🇬🇧🇪🇺🇬🇧 🚨🚨EXC Johnson’s post-Brexit trade policy faces first High Court test via @FT - one for #brexit and trade wonks, but fascinating and a case that will be widely watched per ⁦@AlexanderPHRose⁩ —
Stay with me/1 on.ft.com/2UkXnhZ
@FT @AlexanderPHRose So first the case. It stems from a decision last December by @trussliz to unilaterally allow 260,000 tonnes of "raw cane sugar" to enter the UK tariff-free, for one year. So far, so simple /2

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@FT @AlexanderPHRose @trussliz But British Sugar Plc @BritishSugar has gone to court to argue that this 'autonomous' quota is a de facto subsidy to their US-owned rival Tate & Lyle Sugars @TateLyleSugars because T&L is the ONLY company in UK that refines *cane* sugar -- BS uses homegrown sugar beet/3
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Peter Foster Profile picture
30 Jun
The UK Govt is announcing tabling legislation on it's new post-Brexit subsidy control regime today, which it says will be simpler/nimbler...here's @FinancialTimes report with help from @GeorgePeretzQC
@jamesrwebber -- but lots of questions unclear.../1

ft.com/content/4206d1…
@FinancialTimes @GeorgePeretzQC @jamesrwebber This is an area where the UK -- because it no longer needs subsidy controls fit for yoking together 27 sovereign economies as in the EU single market situation -- can indeed be nimbler/quicker....see long #Brexit Briefing piece & thread on why/how here /2

We now need to see the detail of how the "Advice Unit" in the CMA is going to work -- what role it will play in decisions over potentially controversial subsidies "of interest" and "of particular interest"....and how those categories are going to be decided/3
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Peter Foster Profile picture
29 Jun
🚨🚨🇬🇧🇪🇺🚛🚛🚛🇪🇺🇬🇧🚨🚨How Britain’s Channel ports avoided feared #Brexit meltdown…how the French helped, but how the disruption was displaced to depots (and may yet arise when passenger travel restarts). Latest for @FT series. Stay with me/1
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@FT So first the 'reasonable worst case' as set out last Sept by @michaelgove (not 'remainers' as some Brexiters might have you believe) -- 7,000 lorries in Kent, 2 days queues etc. Armageddon. But it didn't happen. Why? And what did happen? /2
ft.com/content/aa42ac…
@FT @michaelgove Talking to Govt, Industry, Hauliers, Logistics the main reasons are as follows:

- stockpiling. 230k trucks thru Dover in November, highest of the year.

- much lower trade in Jan. “A lot of smaller suppliers just backed off,” says Tim O’Malley of @NationwidePlc /2
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28 Jun
🚨🚨🇬🇧🇪🇺🚛🥩🚚🐟🍸🏭🇪🇺🇬🇧🚨🚨Six months on and UK businesses are still battling with Brexit, finds exclusive ⁦@The_IoD⁩ ⁦@cmi_managers⁩ surveys for ⁦@FT⁩ — red tape, labour shortages etc. With ⁦@DanielThomasLDN⁩

Stay with me/1 on.ft.com/3qxVDye
@The_IoD @cmi_managers @FT @DanielThomasLDN So the @The_IoD survey 651 members. Of those that traded with the EU, only 6 per cent said their trade with the bloc had increased after EU-UK Trade and Cooperation Agreement came into force. 31 per cent said it had decreased. /2
@The_IoD @cmi_managers @FT @DanielThomasLDN Not sure this necessarily that surprising, but it's a reminder that this EU-UK Trade deal that was, per @BorisJohnson creating 'no non-tariff to trade' has hit trade (as we know).

If this was any other trade deal, we'd say it was a total failure. /3
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Peter Foster Profile picture
23 Jun
The EU is poised to do mutually agreed can-kick on the 'sausage war' row -- but as @MichaelAodhan @ColdChainShane a temporary truce has to lead to a more permanent fix... will it? via @FinancialTimes with @SamFleming10
@PickardJE /1
ft.com/content/ae264e…
@MichaelAodhan @ColdChainShane @FinancialTimes @SamFleming10 @PickardJE One reading, it's an EU climbdown - the 'conditions' for the extension to the grace period on sausages are pretty woolly (keep labelling and seeking permanent solution, ideally a EU-UK vet deal) - but equally it's an improvement on unilateral action /2
@MichaelAodhan @ColdChainShane @FinancialTimes @SamFleming10 @PickardJE But what is the prospect that we don't end up in same place in September??

Because the EU still wants the "core" of the Protocol to be implemented - viz respecting and applying the list of EU rules/directives in the annexes to all goods travelling from GB to NI /3
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