THERESA May has said the UK is committed to striking trade deals with the rest of the world as soon as possible after Brexit. The UK will be able to negotiate new deals under the terms of her proposed withdrawal agreement from the EU, which MPs will begin voting on next week. What will Brexit mean for British trade? Companies based in the UK can sell their products freely to the EU without customers there having to pay additional taxes. Likewise British consumers don’t have to pay additional taxes for goods and services imported from the EU. The EU also has 35 agreements allowing free trade with countries such as Norway, Switzerland, South Africa and South Korea with 22 ones pending. But that will change after Brexit and the UK will have to begin to strike deals with these countries and the remaining EU countries. What will be our trade agreement with Europe and other big economies? The UK is hoping to strike a trade deal with EU in order to secure the movement of goods and … [Read more...] about What will Brexit mean for British trade?
Comprehensive economic and trade agreement ceta
Theresa May gathered senior government figures at Chequers to devise a Brexit blueprint earlier this year. They sat down for days to discuss how Britain would approach its exit from the European Union. Dozens of Tories are now believed to be forming a rebellion against the Prime Minister over the deal, with Boris Johnson quitting as Foreign Secretary in opposition to it. The stakes on whether the government can take a packaged deal to Brussels have never been higher. But what is the so-called Chequers Deal deal and why is it facing such a backlash? What is the Chequers Deal? The Chequers Deal was drawn up during a meeting of Mrs May's Cabinet at Chequers, her country retreat, on June 6. It consisted of a statement from cabinet members on what they had agreed the UK's relationship with the EU should look like after Brexit. This includes: A free trade area for goods A "common rulebook" for all goods including agri-food, meaning a commitment to … [Read more...] about What is the Chequers deal and how will it impact Brexit?
A protest against the CETA trade deal in Rome, 2017. Photo: Andreas Solaro/AFP Italy's nationalist agriculture minister on Thursday said his government would not ratify an EU-Canada free trade deal, claiming it does not protect his country's farmers. The European Union and Canada formally signed the Comprehensive Economic and Trade Agreement (CETA) in October 2016, at a time when anti-globalisation sentiment was on the rise in Europe. The accord, which has yet to be ratified, eliminates 98 percent of tariffs between the EU and Canada. Opponents to the accord from around Europe see it as a danger to health, democracy and the rule of law. Farmers in Italy protested in 2017, demanding that the government refuse to ratify the pact. CETA's supporters, however, see it as an extension of the global trade system that faces a threat from protectionist US President Donald Trump. The global system has also come under attack from eurosceptics and anti-establishment parties like those swept … [Read more...] about Italy won’t ratify EU-Canada trade deal: agriculture minister
By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission will put forward a proposed free-trade agreement with Japan for fast-track approval on Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade pact with Canada two years ago. The European Union and Japan concluded negotiations to create the world’s largest economic area in December, signalling their rejection of the protectionist stance of U.S. President Donald Trump. Now they want to see it go into force. The agreement would remove EU tariffs of 10 percent on Japanese cars and the 3 percent rate for most car parts. It would also scrap Japanese duties of some 30 percent on EU cheese and 15 percent on wines, and secure access to large public tenders in Japan. The commission, which negotiates trade agreements for the EU, will present its proposals to the 28 EU members, along with another planned trade agreement with Singapore. EU countries, the European Parliament, and the … [Read more...] about EU pushes to approve Japan trade deal, mindful of Canada near-miss
Canadian Prime Minister Justin Trudeau. Photo: AP/dpa Canadian Prime Minister Justin Trudeau is heading to Europe next week to about the controversial CETA trade deal. Trudeau will speak on February 16 before the European Parliament in Strasbourg to urge members to ratify a sweeping trade deal between the two sides. He will then travel to Berlin, for talks with German Chancellor Angela Merkel, and to Hamburg, to take part in an annual banquet. Trudeau, who will be the first sitting Canadian leader to address the European Parliament, will be vaunting a long-in-the-making deal known as the Comprehensive Economic and Trade Agreement (CETA). The deal also requires ratification by EU member states, which could take years. It would eliminate 98 percent of tariffs between the two sides. The visit comes at a particularly sensitive time for trade talks, with Britain poised to leave the European Union, new US President Donald Trump rejecting an Asia-Pacific trade deal and … [Read more...] about Trudeau to meet Merkel, EU to discuss controversial trade deal