Bojo has said that in the case of no deal, “there will be no tariffs, there will be no quotas because what we want to do is to get a standstill in our current arrangements under Gatt 24, or whatever it happens to be, until such a time as we have negotiated the free trade agreement”...
Now I wonder who would be in a position to contradict such a statement?
"WTO director general Roberto Azevedo has now stated that the mechanism – which his organisation oversees – cannot be invoked unless the parties involved have reached agreement on a future trade deal.
He told Prospect magazine that Gatt 24 only applies in the period between a deal being struck and its full implementation.
If there is no agreement, then Article 24 would not apply, and the standard WTO terms would,” said Mr Azevedo.
Standard WTO terms involve tariffs of anything up to 10 per cent on cars and 35 per cent on dairy products. If the UK were to waive tariffs unilaterally for EU exporters under these terms, it would have to do the same for all 164 WTO members around the world or face charges of breaching fair access rules.
If the UK left the EU without first agreeing on a future trading arrangement, Mr Azevedo said that “in simple factual terms in this scenario, you could expect to see the application of tariffs between the UK and EU where currently there are none”
But what would he know?
“Jumping from league one to league three”
Now I wonder who would be in a position to contradict such a statement?
"WTO director general Roberto Azevedo has now stated that the mechanism – which his organisation oversees – cannot be invoked unless the parties involved have reached agreement on a future trade deal.
He told Prospect magazine that Gatt 24 only applies in the period between a deal being struck and its full implementation.
If there is no agreement, then Article 24 would not apply, and the standard WTO terms would,” said Mr Azevedo.
Standard WTO terms involve tariffs of anything up to 10 per cent on cars and 35 per cent on dairy products. If the UK were to waive tariffs unilaterally for EU exporters under these terms, it would have to do the same for all 164 WTO members around the world or face charges of breaching fair access rules.
If the UK left the EU without first agreeing on a future trading arrangement, Mr Azevedo said that “in simple factual terms in this scenario, you could expect to see the application of tariffs between the UK and EU where currently there are none”
But what would he know?
“Jumping from league one to league three”