It appears that we have actually achieved a Canada + deal, despite all the commentary to the contrary.
The central objectives of securing a tariff-free, quota-free trade deal, regaining control over our fishing grounds within a reasonable time period (5.5 years was negotiated), ridding ourselves of ECJ jurisdiction, no automatic application of tariffs unilaterally by Brussels if they have an issue about the level playing field, etc have all been achieved.
According to the press, the deal also covers financial services (wow!), which was unexpected, although precisely what is covered, it is not yet clear.
At last, it is confirmed by the Centre for Economics and Business Research that Britain will widen the gap between itself and the French economy from the current 9% in Britain's favour to 23% by 2035, confounding those prophets of doom who claimed that even with a deal, we would become worse off than had we remained in the EU.
I have always said that leaving the EU would open up opportunities for Britain, and at last, at least some are waking up to the reality of the situation.
---------- Post added at 12:19 ---------- Previous post was at 12:10 ----------
Quote:
Originally Posted by Damien
Looks like there will be a new arbitration body?
|
As I understand it, that is totally unnecessary. The WTO already performs that function. It will be interesting to read further details.