Quote:
Originally Posted by Damien
The drop in the value of the pound unquestionably drives up the relative cost of imports. If a product costs $100 and the pound has dropped 15% against the dollar then it's going to cost 15% more to buy it.
Anyway the EU has agreed a trade deal with Japan: http://www.politico.eu/article/eu-an...ade-agreement/
Taken 4 years and likely one or two more. Big deal seems to be EU access to food markets and a drop in tariffs on Japanese cars. But it's a reminder that there is no such thing as a single 'trade deal', it's a collection of regulations, laws and agreements bundled together. |
I bet the trade deal with Japan doesn't include the free movement of people
.