"Leaving with No Deal would be a disaster". How often have we heard that phrase. But it's simply not true.
The moment
we leave we will have a deal on World Trade Organisation rules. Yip, and in case you didn't know, it is on WTO rules on which the UK already
operates 60 per cent (and climbing) of her trade with the rest of the world,
and on which 90 per cent of all world trade is conducted. So businesses are well versed in WTO. And it doesn't cause the slightest of problems at our ports.
So those who say we can't leave without a deal or it would be a disaster are actually literally talking nonsense. There is a deal, just not a restrictive EU one.
Not only that, under international law,
without any agreement in place with the EU, the UK will be able to trade with the EU immediately on
WTO rules when we leave.
So "crashing" out
of the EU seems a rather attractive win / win prospect.
1 comment:
Very true. I get confused with all these peoplee telling us what a catastrophe a “no deal” clean break from the EU would be - when I was down in Felixstowe the other week - Britain’s largest container port - a huge ship from China was docked unloading containers - craned onto a lorry - the computerised paperwork was scanned and checked - through the gates to a distribution centre - another ship was loading British products bound for America - goods were being received and shipped in a seamless computerised process. Felixstowe handles 3.74 million containers a year - shipments to and from countries like China and the USA that aren’t in the EU and don’t have FTAs with the EU- yet this massive frictionless non-EU trade happens daily right under our noses and has done for years accounting for 60% of Britain’s trade. Are we seriously going to believe that scaling this tried and tested in place system for the balance of our trade is going to result in Armageddon?
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