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Old 12-12-2020, 19:40   #4991
nomadking
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Re: Brexit-Transitional Period Ends 31/12/20

Quote:
Originally Posted by 1andrew1 View Post
Sounds like Project Fear to me, Seph. Weren't we promised that food would be cheaper?

https://www.express.co.uk/news/polit...arming-ecomony
The thing about tariffs is the the WTO rules only specify a maximum and that whatever it is should be the same for everybody. We could set a zero tariff for product type X, as long as we do that for the whole world outside of any existing tariff arrangements with other countries.
Eg we could have zero or low tariffs on New Zealand lamb, as long as lamb from any other country also has the same tariffs applied.
Eg Japan has zero tariffs on sheep meat imports.
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