As predicted by Project Fear:
Russia blocks UK's post-Brexit tariff proposal at WTO
Quote:
The UK’s proposal to split its import quotas from those of the EU after Brexit has drawn an official objection from Russia at the World Trade Organization, MLex has learned.
An objection from a single trading partner means that the WTO can’t certify the proposal until the problem is resolved. It might also force the UK to undergo the full procedure for changing its rates, rather than the simplified “rectification” procedure it has so far pursued.
The single objection from Russia is enough for the WTO not to certify the schedules until all doubts are resolved. It’s also possible that more countries have sent similar notices to the UK mission —19 countries have raised concerns informally about the schedules. The exact number of formal notices is unknown, because the procedure isn't open to the public.
And if the UK fails to reach an agreement before it leaves the EU, it will have to operate on “uncertified schedules”, opening it up to more trade disputes.
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---------- Post added at 12:16 ---------- Previous post was at 12:15 ----------
Quote:
Originally Posted by OLD BOY
The losers, of course.  |
I think playtime is over children, back to the classroom
