Quote:
Originally Posted by 1andrew1
Lots of talk about the UK doing free trade deals for particular industry sectors like the car industry. Any free trade agreement must cover substantially all (goods) trade according to Article XXIV of the GATT/WTO so a deal that just covered the car industry is not possible. There was a Canada-US Auto Pact with zero tariffs, but the WTO found this to be contrary to Article XXIV, see: https://www.wto.org/english/tratop_e..._e/ds139_e.htm
So any free trade deal would have to cover all industries. |
All goods but not services?
