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Old 22-09-2016, 14:33   #1615
Ignitionnet
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Location: Leeds, West Yorkshire
Age: 47
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Re: Post-Brexit Thread

Just leaving this here as a reminder why it's so bizarre that there are Tories so horny over 'hard Brexit'.

Quote:
Can the UK just go ahead and trade under WTO terms as soon as it leaves the EU?

No. In practice, the UK would have to detach itself from the EU and regularise its position within the WTO before it could sign its own trade agreements, including with the EU. As Roberto Azevêdo, the WTO’s director-general, said recently, there is no precedent for a WTO member extricating itself from an economic union while inside the organisation. The process would not be easy and would likely take years before the UK’s WTO position was settled, not least because all other member states would have to agree.
Putting us at the mercy of such states as our #1 fan Argentina who may want a chat about the Falklands, or Spain, who may rather like the look of Gibraltar.

This is a pretty bizarre definition of taking back control - putting our economy at the mercy of a large part of the rest of the world.

Welcome to a globalised world of supra-national institutions and complex legal frameworks.
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