by Mish Shedlock, The Maven:
Anyone who believes the EU has a big advantage in the pending trade talks with the UK needs to wake up to reality.
The ‘Whole Point’ of Brexit is Undermined if UK Continues to Follow EU Rules, says David Frost, the UK’s chief negotiator.
David Frost Quotes
Level Playing Field
The EU says it wants a “level playing field”.
That is an easily seen lie. The EU is still attempting to trap the UK into a customs arrangement. And it won’t work.
If the EU really wants a “level playing field” it will offer a Canada-style free trade agreement or better yet, agree to scrap all tariffs and be done with it.
Australia Style Agreement
There is talk now of an “Australia Style Agreement”.
That is a euphemism for a basic WTO agreement.
EU’s Choice
The EU has misjudged the UK’s will every step of the way.
That is why Brexit happened.
It has another choice now.
Hello WTO?
If the EU misjudges again, hello basic WTO agreement.
But the WTO also allows for a basic agreement with details that can take as long as 10 years to settle.
If an extended deal is accompanied by a long-term low-tariff arrangement, that’s OK.
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