Cyprus-Forum.com

[Lordo]

this information is reality. if you think you will just switch in one day from eu trading to wto, think again. but apparently people here are saying we can carry on trading with the eu years after we brexit. all agreements wil cease to exist after deal.

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.
I
t 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. zero zilch. ohno not more project fear.

https://www.theguardian.com/politics/2019/jan/27/uk-cannot-simply-trade-on-wto-terms-after-no-deal-brexit-say-experts

Article 50

Article 50 of the Treaty on European Union, enacted by the Treaty of Lisbon on 1 December 2009, introduced for the first time a procedure for a member state to withdraw voluntarily from the EU. The article states that:

Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements.

A Member State which decides to withdraw shall notify the European Council of its intention. In the light of the guidelines provided by the European Council, the Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal, taking account of the framework for its future relationship with the Union. That agreement shall be negotiated in accordance with Article 218(3)[12] of the Treaty on the Functioning of the European Union. It shall be concluded on behalf of the Union by the Council [of the European Union], acting by a qualified majority, after obtaining the consent of the European Parliament.

The Treaties shall cease to apply to the State in question from the date of entry into force of the withdrawal agreement or, failing that, two years after the notification referred to in paragraph 2, unless the European Council, in agreement with the Member State concerned, unanimously decides to extend this period.

For the purposes of paragraphs 2 and 3, the member of the European Council or of the Council representing the withdrawing Member State shall not participate in the discussions of the European Council or Council or in decisions concerning it.

A qualified majority shall be defined in accordance with Article 238(3)(b) of the Treaty on the Functioning of the European Union.

If a State which has withdrawn from the Union asks to rejoin, its request shall be subject to the procedure referred to in Article 49.

[Kikapu]

Trump Warns France, China on Trade War as G7 Summit Gets Underway

Trade wars will lead to recession, while trade deals will boost the economy,” EU Council President Donald Tusk said in Biarritz, the chic Atlantic resort chosen by French host President Emmanuel Macron to stage the annual meeting.

There you have it from the horse's mouth...

Tusk acknowledges that trade deals are important to the EU economy yet refuses a trade deal with the 100% compliant UK...

Tusk prefers recession for the EU and its citizens so he can punish the UK and discourage others from leaving...

Tusk is being penny foolish, pound wise. No, that is not a misprint.

Tusk would rather lose a little bit in trade by not giving U.K. what it wants, then lose a lot more by giving what the UK wants. Tusk main job is to look after the best interest of the EU members and not best interests of the former member to be. The EU gave plenty to the UK already and it still wants to leave the union. The EU had enough of giving to the UK. Time has come for the UK to make it on it’s own, so get on with it and stop looking for handouts from the EU. That well has dried up.

[Lordo]

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 in the 32 remaining parliamentary sitting days until 29 March 2019. 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.

[Lordo]

Trump Warns France, China on Trade War as G7 Summit Gets Underway

Trade wars will lead to recession, while trade deals will boost the economy,” EU Council President Donald Tusk said in Biarritz, the chic Atlantic resort chosen by French host President Emmanuel Macron to stage the annual meeting.

There you have it from the horse's mouth...

Tusk acknowledges that trade deals are important to the EU economy yet refuses a trade deal with the 100% compliant UK...

Tusk prefers recession for the EU and its citizens so he can punish the UK and discourage others from leaving...

Tusk is being penny foolish, pound wise. No, that is not a misprint.

Tusk would rather lose a little bit in trade by not giving U.K. what it wants, then lose a lot more by giving what the UK wants. Tusk main job is to look after the best interest of the EU members and not best interests of the former member to be. The EU gave plenty to the UK already and it still wants to leave the union. The EU had enough of giving to the UK. Time has come for the UK to make it on it’s own, so get on with it and stop looking for handouts from the EU. That well has dried up.

do you really believe that there is anything eu could give to uk but is not? eu is not about to walk all over tgfa. you cannot create an international agreement by ignrong a previous one.

lets face it brexiteers lied to the public and better get on their knees and beg for forgiveness.

[cyprusgrump]

Trump Warns France, China on Trade War as G7 Summit Gets Underway

Trade wars will lead to recession, while trade deals will boost the economy,” EU Council President Donald Tusk said in Biarritz, the chic Atlantic resort chosen by French host President Emmanuel Macron to stage the annual meeting.

There you have it from the horse's mouth...

Tusk acknowledges that trade deals are important to the EU economy yet refuses a trade deal with the 100% compliant UK...

Tusk prefers recession for the EU and its citizens so he can punish the UK and discourage others from leaving...

Tusk is being penny foolish, pound wise. No, that is not a misprint.

Tusk would rather lose a little bit in trade by not giving U.K. what it wants, then lose a lot more by giving what the UK wants. Tusk main job is to look after the best interest of the EU members and not best interests of the former member to be. The EU gave plenty to the UK already and it still wants to leave the union. The EU had enough of giving to the UK. Time has come for the UK to make it on it’s own, so get on with it and stop looking for handouts from the EU. That well has dried up.

The UK... One of the largest net contributors to the EU project.

Handouts, I don't think so.... Billions of £s of hand-ins in fact....

So the EU is willing to say "goodbye" to the £13B the UK subsidises the EU every year and as icing on the cake sign up for a recession that a trade war will bring... and for what...?

Of course, Tusk doesn't care - his huge salary and pension are guaranteed - when the money runs out they will just take it from the other 27...

[Kikapu]

Trump Warns France, China on Trade War as G7 Summit Gets Underway

Trade wars will lead to recession, while trade deals will boost the economy,” EU Council President Donald Tusk said in Biarritz, the chic Atlantic resort chosen by French host President Emmanuel Macron to stage the annual meeting.

There you have it from the horse's mouth...

Tusk acknowledges that trade deals are important to the EU economy yet refuses a trade deal with the 100% compliant UK...

Tusk prefers recession for the EU and its citizens so he can punish the UK and discourage others from leaving...

Tusk is being penny foolish, pound wise. No, that is not a misprint.

Tusk would rather lose a little bit in trade by not giving U.K. what it wants, then lose a lot more by giving what the UK wants. Tusk main job is to look after the best interest of the EU members and not best interests of the former member to be. The EU gave plenty to the UK already and it still wants to leave the union. The EU had enough of giving to the UK. Time has come for the UK to make it on it’s own, so get on with it and stop looking for handouts from the EU. That well has dried up.

The UK... One of the largest net contributors to the EU project.

Handouts, I don't think so.... Billions of £s of hand-ins in fact....

So the EU is willing to say "goodbye" to the £13B the UK subsidises the EU every year and as icing on the cake sign up for a recession that a trade war will bring... and for what...?

Of course, Tusk doesn't care - his huge salary and pension are guaranteed - when the money runs out they will just take it from the other 27...

I think you are missing the point. If Tusk gives into what the UK wants, pretty soon the remaining 27 would be tempted to leave also and expect to get the same deal as the UK. It is a slippery road to disaster for the EU, which is why Tusk would rather lose some now than lose much much more later. It has nothing to do about being revengeful to the UK. He wants to safeguard the EU and not the UK. U.K. wants to leave, they should have left long time ago already, instead they are sticking around like a bad rash. Poor planning by the UK on Brexit from the beginning with the referendum does not now necessitate emergency on the part of the EU.

[Lordo]

Trump Warns France, China on Trade War as G7 Summit Gets Underway

Trade wars will lead to recession, while trade deals will boost the economy,” EU Council President Donald Tusk said in Biarritz, the chic Atlantic resort chosen by French host President Emmanuel Macron to stage the annual meeting.

There you have it from the horse's mouth...

Tusk acknowledges that trade deals are important to the EU economy yet refuses a trade deal with the 100% compliant UK...

Tusk prefers recession for the EU and its citizens so he can punish the UK and discourage others from leaving...

The UK basically wants full access to the EU single market, very limited restrictions to trade with the EU, without paying any
contributions to the EU, and without any obligation to follow any EU rules and laws, on the excuse that it didn't have any say in how those rules were formed....
The EU made it clear that nobody ever got such a deal, and nobody will. As simple as that.

This doesn't mean there will be trade war with Britain. Some limited trade deal that will benefit both sides is possible and will be signed after Brexit, but don't expect it to be anything close to what it has now.

i want to win the lottery without even buying a ticcket but those assholes at lottery are being very unkind ans will not let me win. how nasty can they get.

in reality if you looked at how much trade we did and what we paid in, then compare that withjust wto rules with nothing to pay for the trade but tax for imports and force the eu residents to pay the tax on our exports, you will soon see that the fugres are nowhere near. we will be paying a lot more in taxes than we paid in contributions and on top of that we had a say in everything. so we will remove ourselves from the club and let them make decisions about us. i mean your average vosko can work that one out.

in fact one such vosko sad to me " in england one crazy person throw a stone in the well and 20 clever people cannot remove it". go figure vosko gavole.

[Paphitis]

Trump Warns France, China on Trade War as G7 Summit Gets Underway

Trade wars will lead to recession, while trade deals will boost the economy,” EU Council President Donald Tusk said in Biarritz, the chic Atlantic resort chosen by French host President Emmanuel Macron to stage the annual meeting.

There you have it from the horse's mouth...

Tusk acknowledges that trade deals are important to the EU economy yet refuses a trade deal with the 100% compliant UK...

Tusk prefers recession for the EU and its citizens so he can punish the UK and discourage others from leaving...

The UK basically wants full access to the EU single market, very limited restrictions to trade with the EU, without paying any
contributions to the EU, and without any obligation to follow any EU rules and laws, on the excuse that it didn't have any say in how those rules were formed....
The EU made it clear that nobody ever got such a deal, and nobody will. As simple as that.

This doesn't mean there will be trade war with Britain. Some limited trade deal that will benefit both sides is possible and will be signed after Brexit, but don't expect it to be anything close to what it has now.

Norway and Switzerland have a Free Trade Deal.

Even Canada have a FTD. Australia and USA are a work in progress and either have a FTD or its about to be implemented.

You do not need to be an EU member to trade with the EU on a zero tariff basis.

Britain will continue to trade on a Free Trade basis, probably until 2021 (with Eu approval)and should in time have a FTD similar to Norway and Switzerland. Already, the EU have offered this to the UK.

[Paphitis]

Trump Warns France, China on Trade War as G7 Summit Gets Underway

Trade wars will lead to recession, while trade deals will boost the economy,” EU Council President Donald Tusk said in Biarritz, the chic Atlantic resort chosen by French host President Emmanuel Macron to stage the annual meeting.

There you have it from the horse's mouth...

Tusk acknowledges that trade deals are important to the EU economy yet refuses a trade deal with the 100% compliant UK...

Tusk prefers recession for the EU and its citizens so he can punish the UK and discourage others from leaving...

Tusk is being penny foolish, pound wise. No, that is not a misprint.

Tusk would rather lose a little bit in trade by not giving U.K. what it wants, then lose a lot more by giving what the UK wants. Tusk main job is to look after the best interest of the EU members and not best interests of the former member to be. The EU gave plenty to the UK already and it still wants to leave the union. The EU had enough of giving to the UK. Time has come for the UK to make it on it’s own, so get on with it and stop looking for handouts from the EU. That well has dried up.

Well then, maybe mr Tusk should have a nice chat to German manufacturers and the IMF and have his attitude readjusted!

[Lordo]

you can see how long this trum/bojo love in will last.

Boris Johnson warns Trump US must compromise to get UK trade deal

https://www.bbc.co.uk/news/uk-politics-49462613