A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume
A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume
Would you also accept the National Farmers Union as experts? If so I have some bad news.
Or this expert, with a rather balanced view. https://blogs.sussex.ac.uk/uktpo/2022/03/04/the-uk-australia-fta-can-we-call-it-a-good-deal/
The UK Australia trade deal looks more like it was signed to score political points at home than something that benefits Britain in any major way.
Not really, they’re a lobbyist group.
Please explain why an Australian farmer would bother selling beef for less than they can get for it in Asia?
And from your link
Which one? NFU or Lawsociety? Or both?
Yeah, like I said, no real benefit to Britain, other than to show that the gov’t is capable to sign deals, thin as they are, to score some political points at home.
The NFU is an insurance company and lobbyist. The Law Society is just that, a professional association. Governed by royal charter, it has a duty to public interest. The NFU does not. It’s a lobby group for fat landowners.
So, no real benefit, other than to high margin, high skill, professional services exports?
They’re both lobby groups, don’t kid yourself.
So, the benefits are the ones that Britain gave up with 27 countries in order to sign it with one on the other side of the world?
If you throw away £1000 and then find £1, it’s that a benefit? I don’t see it that way.
I’m not kidding myself, they are very different businesses. The agribusiness lobby is a lot more harmful to the environment than the Law Society is. There are just more common law countries outside the EU for legal exports. That’s a fact, and an opportunity.
And no, we exited the political union, no reason that economic ties can’t be improved now the brexit ultras are soon to be gone.
Over 90% of UK companies didn’t export to the EU anyway while we were in it.
Plus:
https://sh.itjust.works/post/8190702
They are very different businesses, I agree, but don’t believe for a second that Law Society isn’t a lobby group.
What was stopping UK businesses from selling to companies outside the EU27 before? Were UK law professionals prevented from selling services to Australia before this deal? How?
I’m certain that the economic ties between the EU and the UK can be improved. I think it’s called “dynamic alignment” and as soon as the UK signs up to it a lot of barriers to trade will go away.
You’re also correct that the vast majority of UK companies didn’t export to the EU. It’s a bit weird phrasing it like that though, when over 40% of the UKs export goes there. And like you point out in the link you provided, supply chains are sensitive to disruption, which is why they’re worried about the rules of origin.
I voted to get out of the CAP. Legal lobbying isn’t really of concern to me. Especially as the two legal systems are so different. Civil vs Common law.
The UK was unable to negotiate a trade deal with Australia while in the EU. Being part of the EU means sacrificing sovereignty in those matters. The EU trade deals are much more focused on goods than services. The UK is 80% services, so it’s a benefit to be able to negotiate trade deals that suit the UK.
That’s true. Trade deals that the EU signs have to benefit everybody or they won’t get approved by the members. That means that every single trade deal that the EU signed with the UK as a member had the UKs approval. But now that the UK can sign their own, they signed on that politicians agree “isn’t very good” (Eustice) or “one sided” (Sunak) and that UK experts are at best lukewarm about, so how does that benefit Britain?
What is it that the UK can do in Australia now, with this new trade deal, that was impossible before 2021?
On the other hand, the Australians seem happy, so at least there’s that.