tag:blogger.com,1999:blog-7553540756310570387.post6596250187137475891..comments2024-03-14T00:00:39.732-07:00Comments on Andy Neely: What might Brexit mean for UK manufacturing?Andy Neelyhttp://www.blogger.com/profile/09784285095942016738noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7553540756310570387.post-75893726320857510242016-10-31T02:29:09.747-07:002016-10-31T02:29:09.747-07:00Could Canada succeed with WTO rules access to the ...Could Canada succeed with WTO rules access to the US, unlikely. What the failure of CETA deal highlights is that to get a deal with the closest and largest trading partner, with whom we currently have a the freest possible arrangement, will be almost impossible.<br /><br />All very well to trade with the rest of the world but if the door is shut on the closest (and both time and shipping costs do matter in manufacturing) and largest partner then UK manufacturing will be in a position where the savings in input costs (paid for by inflation eroding the income and wealth of wage earners) are wasted on logistics and tariffs costs. Given the UK's negotiating position the new trade deals are highly unlikely to be favourable compared to the existing deals the EU has. Add to that the glacial speed with which these deals occur and we have a huge period 8 - 20 years while we negotiate our position in which much investment in building export markets is at unnecessary risk.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7553540756310570387.post-12398399605522217272016-10-26T05:49:29.912-07:002016-10-26T05:49:29.912-07:00The failure to sign the CETA deal with Canada high...The failure to sign the CETA deal with Canada highlights that the EU is ill-equipped to open up trading opportunities to the fastest-growing and/or largest economies in the world. <br /><br />While not downplaying the pain of unhitching ourselves from the current trading status quo with the Single Market, the increased (post-Brexit) likelihood of signing trade deals with 355 million North Americans, 30 million ANZ, adding an India here and an ASEAN there - this is where the real opportunities lie in the 21st century.<br /><br />And of course ... all of the above should in theory continue to be possible with a bespoke British trade deal with the EU which will *at least* be equivalent to CETA, and would probably be superior.Anonymousnoreply@blogger.com