The post-Brexit ‘trade deal’ you weren’t told about.

For a ‘no deal’ Brexit, the Government announced zero tariffs on 87% of all imports

Readers may have blinked while watching BBC news and missed this

  1. 87% of all imported goods (by value) will have zero tariffs applied

What does this mean to the average member of the public?

  1. Agriculture: Beef, lamb, pork, poultry and some dairy to support farmers and producers who have historically been protected through high EU tariffs

Northern Ireland will be exempt from all tariffs

What are the potential downsides of the proposed tariff regime?

There are three answers to this

  1. Any claim made to the WTO takes years to reach adjudication, by which time this temporary regime should have been replaced
  2. I believe the Government could rely on the WTO’s Article XXI which covers exemptions for purposes of national security
  3. The exemption for Northern Ireland has clearly been made to support the Good Friday Agreement, and we doubt that the WTO would want to be seen as a provoker of an old conflict between two members.

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Graham Lear

What is life without a little controversy in it? Quite boring and sterile would be my answer.