[1andrew1]

Interesting facts about what WTO rules would actually mean in reality and why they won't work for us

CBI “
“The UK would face tariffs on 90% of its EU exports by value and a raft of new regulatory hurdles. Let’s remember these barriers would hurt firms on both sides of the Channel.
“Here in the UK and across the continent firms are worried about this ‘worst-case scenario’. Some are getting ready for it to reduce economic damage. Some won’t prepare because they’re hoping for a deal. But in reality many firms can’t prepare because the cost of change is simply too high to even consider it.
“The Prime Minister is confident that a deal can be achieved - and we agree.
“But to those whose first and only choice is for Britain to walk away without a deal, I say you’re not only wrong but irresponsible.”
On practical hurdles to trade under WTO rules, he will say:
“Imagine you're a small cosmetics firm in Stockport and shops in France sell your products. No deal? Without an EU office it’s illegal for those French shops to sell your products. A loss for you and for them.
“Or imagine you're a chemicals company in Leeds and you have systems that track your ingredients from Poland. No deal? You'll face delays and higher costs getting supplies. Hurting your Polish customers too.”

http://www.cbi.org.uk/news/wto-rules...pandora-s-box/