"The US and China are reportedly among 20 countries attempting to prevent Britain from agreeing a fast-track deal with the World Trade Organisation (WTO) on its post-Brexit terms of trade with the rest of the world. Liam Fox, the international trade secretary, admitted several WTO members had “expressed reservations” about the government’s plan to stay on terms similar to those it still enjoys as a member of the European Union (EU). Britain is a full member of the WTO, but its membership is bound up with the EU, meaning it has to come to an independent agreement with the trade body." - Alan Marr (YT)
Give us WTO rules then!
That might not even happend jan 1st 2021.
Apparently theres 20+ countries blocking the UK, amoung them the USA and China.
Claiming the only reason the UK was part of it (WTO membership) was bound to the EU being in.
This means the UK will have to apply for a membership to the WTO and first get accepted into it again.
Because of this mess the UK has, where there will be a 6month time window without controll of its borders (their own trade minster claims such).....
and smuggleing issues, I could see them getting rejected.
What happends then?
No planes will be able to land in britain, neither fly from, people will starve in the streets as no food will be able to arrive in the island. Hospitals will get rioted by people looking for medicines. All companies will leave britain. Scotland will get their independance and Ireland will be reunited. Churchill statue will be teared down finally. A reverse Dunkirk will happen with people fleeing for EU, which of course will shut its borders leaving the brits to die at the beach suffering with the outbreak of gonorrhea as they didnt have medication to treat it.
At the very end, EU will use it as an example for any country trying to leave the union, while it proceeds with it's plans to add more countries to the union and finally implementing fiscal union. It will be clear that it will be impossible for any country to leave, ever.
A joke reply.
But its a very real situation.... and I ment it as a real question.
What happends if the UK leaves the EU, and cannot even get WTO membership?
How much power does China and USA have over the WTO? and if their against the UK just joining because it used to have membership through being apart of the EU (which it isnt now) and will have to reapply to get membership (which it might not get, due to not haveing border controll).
What happends to a UK that cannot get WTO membership as soon as it crashes out of the EU (jan 1st 2021).
This is from jan 2019:
"The UK will be unable to have frictionless, tariff-free trade under World Trade Organization rules for up to seven years in the event of a no-deal Brexit, according to two leading European Union law specialists.
The ensuing chaos could double food prices and plunge Britain into a recession that could last up to 30 years, claim the lawyers who acted for Gina Miller in the historic case that forced the government to seek parliament’s approval to leave the EU.
It has been claimed that the UK could simply move to WTO terms if there is no deal with the EU. But Anneli Howard, a specialist in EU and competition law at Monckton Chambers and a member of the bar’s Brexit working group, believes this isn’t true.
“No deal means leaving with nothing,” she said. “The anticipated recession will be worse than the 1930s, let alone 2008. It is impossible to say how long it would go on for. Some economists say 10 years, others say the effects could be felt for 20 or even 30 years: even ardent Brexiters agree it could be decades.”
There are two apparently insurmountable hurdles to the UK trading on current WTO tariffs in the event of Britain crashing out in March, said Howard.Firstly, the UK must produce its own schedule covering both services and each of the 5,000-plus product lines covered in the WTO agreement and get it agreed by all the 163 WTO states.
A number of states have already raised objections to the UK’s draft schedule: 20 over goods and three over services.
To make it more complicated, there are no “default terms” Britain can crash out on, Howard said, while at the same time, the UK has been blocked by WTO members from simply relying on the EU’s “schedule” – its existing tariffs and tariff-free trade quotas.
The second hurdle is the sheer volume of domestic legislation that would need to be passed before being able to trade under WTO rules: there are nine statutes and 600 statutory instruments that would need to be adopted.
The government cannot simply cut and paste the 120,000 EU statutes into UK law and then make changes to them gradually, Howard said. “The UK will need to set up new enforcement bodies and transfer new powers to regulators to create our own domestic regimes,” she said.
“Basic maths shows that we will run out of time but any gap in our system will create uncertainty or conflict,” said Howard. “Some of these regimes carry penalties such as fines – even criminal offences in some sectors.”
“Negotiating and ratifying the international free trade deals with the rest of the world alone could take over seven years,” she said.
“A no-deal Brexit could double prices for some products like meat and dairy. There is also a greater risk of trade disputes and sanctions, resulting in reduced market access for UK businesses.
“It’s not just about money,” she said. “We are dependent on imports for a lot of things that we don’t make any more or don’t make enough of, or simply cannot make as they are patented or subject to rules of origin – like lifesaving drugs, radioactive isotopes, chemicals (such as helium for MRI scans), medical equipment, chemicals, electricity, petrol, even milk. Shortages and delays could cause panic buying or even civil unrest.”
Howard dismissed ideas of a transition period enabling a “gradual transition” to WTO rules as “unicorns”. “The UK will have to start negotiating over 50 free trade agreements from scratch once we leave the EU. In the meantime we will have to pay tariffs.”"
Back in jan 2019, 23 nations didnt agree to UK just getting membership of WTO, due to concerns over goods&services.
Apparently these remain until today.
Its getting serious now right? what happends jan 1st?
Last edited by JRPGfan - on 15 July 2020
UK will just have to accept it losses access to certain market items, even ones it might need?
Ontop of tariffs that could on certain items double their prices?
Great, sounds fun.