UKC

EU - All change... but no change.

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 jkarran 06 Dec 2016
In reply to Stuart (aka brt):

Qelle surprise. If only this had all been forseeable eh...
jk
1
 George Ormerod 06 Dec 2016
In reply to baron:

We may be able to operate under the WTO rules, but the cost of non-tariff barriers to trade are estimated to be 10%-20%, completely dwarfing any tariffs. And they don't cover financial services, which are a substantial contributor to our GDP. If (and it looks likely) we have to go down this route, expect a shrinking economy, job losses, lower tax takes, poorer services / higher taxation. I guess this will help with immigration as no one will want to come to the UK.
baron 06 Dec 2016
In reply to George Ormerod:

What's a 'non-tarrif' barrier to trade?
In reply to baron:
> What's a 'non-tarrif' barrier to trade?

Regulations which have the effect of locking competitors from other countries out of your market (as opposed to imposing a tax on them).

An example is the US Patent Office insisting that only US citizens or US residents can practice before it which means if you want to hire a lawyer to file patents to protect your invention in the US you need to pay a US lawyer.
Post edited at 16:32
 elsewhere 06 Dec 2016
In reply to baron:
A long time ago...
...supposedly the French used to insist all VHS players went through a single customs post far from any port of entry manned by a single part time customs officer.

Lots of opportunities for imposing arbitrary delays, obstructions and rejections at customs (eg this certification isn't valid).
baron 06 Dec 2016
In reply to tom_in_edinburgh:

Thanks.
baron 06 Dec 2016
In reply to elsewhere:
Thanks.
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