Tariffs...

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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? :rolleyes:

“Jumping from league one to league three”
 
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Oh well, let’s believe him this time eh?
Not especially, but what he says makes sense.

The UK will need a trade agreement in order to garner a special tariff deal with the EU. This is because..."there are tariffs automatically because the Europeans have to apply the same rules to us as they apply to everyone else. If they were to decide not to put in place tariffs they also have to lower their tariffs with the United States, with the rest of the world. And the same would hold for us.”
Ask Liam Fox.(y)
 
Blimey, you two are up early this morning. Bad nights sleep?
 
If the UK left the EU without first agreeing on a future trading arrangement,

I didn't think we could agree any trade agreements until we left, under EU rules (which still apply to us)?
 
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