Titter
It is rather obvious to those us paying attention.....importing goods from Single Market mean more trade barriers. Trade barriers cost that means consumer pays more.
Perhaps you aren't paying attention.
B
Bodd
I think we get this : Then the consumer stops buying..... then french producers and German manufacturers get p!ssed off with their governments. This does go both ways you know.
Only if you keep buying from the single market, which is not what you said ; you said buying from Japan in your example.
Which is why I asked you to clarify it.
"The dumb claim made on twitter by a Tory dumbo claiming UK Japan deal would mean cheaper soy sauce......to his dumbo brexiter audience."
Which you haven't, you've just got stroppy.
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As to Soy Sauce.
https://uk.reuters.com/article/uk-b...ires-on-britains-trade-ministry-idUKKBN27D20I
Seasoned trade experts were quick to highlight that under the terms of Britain’s exit deal from the EU, an EU-Japan Free Trade Agreement remains in force and no tariffs are currently applicable on soy sauce imports from Japan into Britain.
Japanese imports of soy sauce make up 14.6 percent of British imports of the product.
Trade data showed that in 2019 31% of Britain’s 22,589 tons of soy sauce imports came from the Netherlands and 10% from Poland - both EU member states.
Unless Britain strikes a trade deal with the EU in the next 10 weeks - a negotiation which currently hangs in the balance - those imports will be subject to 6% tariffs under World Trade Organisation terms.
https://uk.reuters.com/article/uk-b...ires-on-britains-trade-ministry-idUKKBN27D20I
Seasoned trade experts were quick to highlight that under the terms of Britain’s exit deal from the EU, an EU-Japan Free Trade Agreement remains in force and no tariffs are currently applicable on soy sauce imports from Japan into Britain.
Japanese imports of soy sauce make up 14.6 percent of British imports of the product.
Trade data showed that in 2019 31% of Britain’s 22,589 tons of soy sauce imports came from the Netherlands and 10% from Poland - both EU member states.
Unless Britain strikes a trade deal with the EU in the next 10 weeks - a negotiation which currently hangs in the balance - those imports will be subject to 6% tariffs under World Trade Organisation terms.
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You should take that up with the DTI who were crowing about cheaper Soy (they were wriong and had to clarify their point).
You missed out added cost of customs and delays.
Ain’t gonna happen and deep down, you know it.
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If there is a price change then you need to look at the income and substiution effects as well the price elasticity of the goods.
Some people may just prefer a certain type of Soy and pay the extra charged. Others may just substitute one soy for another or in some cases substitute with something other than Soy. We don't know how customs delays would affect supply and thus demand.
Whatever happens I can't wait for the econ papers on this. When you have a third world country taking populist economic policies because of the timelag and patchy data it's hard to get a true picture of the effects but lucky for us the UK will be the first post Industrialised economy doing this.
So there are some Brexit benefits.
great news
"EU unveils emergency plans to prevent no deal Brexit chaos
Brussels has published emergency plans to keep planes flying, trucks moving and prevent other chaos in the event that trade talks with Britain fail, as it warned of “significant uncertainty” around the fate of the Brexit negotiations."
I wonder when Doris will do the same?
"There is no plan for no deal because we are going to get a great deal".
I haven't got my ration card yet.
"EU unveils emergency plans to prevent no deal Brexit chaos
Brussels has published emergency plans to keep planes flying, trucks moving and prevent other chaos in the event that trade talks with Britain fail, as it warned of “significant uncertainty” around the fate of the Brexit negotiations."
I wonder when Doris will do the same?
"There is no plan for no deal because we are going to get a great deal".
I haven't got my ration card yet.
Which is strange considering that we hold all the cards.
https://twitter.com/i/status/1317760908949598208
https://twitter.com/i/status/1317760908949598208
