UK & EU Agree Post-Brexit Trade Deal

[Sephiroth]

Originally Posted by 1andrew1

<SNIP>

How much has the UK spent? I suspect the Magic Money Forest has paid out more than €900 per person in the UK. Ironically, BoJo has got his wish to be compared to Churchill - he has indebted the country to levels last seen when Churchill was PM.

Originally Posted by Sephiroth
There are 447m people in the EU. If the EU leaders agree on stimulus grants totalling 390 billion EUR, that's nearly 900 EUR per person in the EU.

No wonder the "frugal five" are baulking at this.

True - but that's not the point. We don't need the EU obligation added to our own debt.

What's more, the amount they appear to be alighting on isn't much higher than ours and probably woefully inadequate. I would want nothing to do with that, either.

[jonbxx]

Here is your cut out and keep guide to importing and exporting from the EU - https://assets.publishing.service.go..._1320_edit.pdf

Needing Carnets and having to declare goods with values >£1500 are going to be a pain in my backside going forward. We're currently trying to find out what the story is for 'dual use' products as some of the products my company sells do fall in to that category and, up until now, it was no issues shipping these...

[1andrew1]

Originally Posted by jonbxx

Here is your cut out and keep guide to importing and exporting from the EU - https://assets.publishing.service.go..._1320_edit.pdf

Needing Carnets and having to declare goods with values >£1500 are going to be a pain in my backside going forward. We're currently trying to find out what the story is for 'dual use' products as some of the products my company sells do fall in to that category and, up until now, it was no issues shipping these...

In the long term, this weakens the UK's competitiveness and will encourage producers to locate within the FTA.

[jonbxx]

Originally Posted by 1andrew1

In the long term, this weakens the UK's competitiveness and will encourage producers to locate within the FTA.

Unless you want to set up a customs agent business, then kerching!

I am hating this site already - https://www.trade-tariff.service.gov.uk/sections. Last week I shipped a piece of machinery with a chiller and scales. The main part attracts 2.4% duty, the chiller 2.2% and the scales 0%. I haven;t got a clue so off the our trade compliance team I go.... (we're getting in practice in preparation for next year)

[1andrew1]

Not looking good for a July deal according to today's news. But the UK government's approach to date has been to climb down at the last minute (Anyone remember the no borders in the Irish sea?) so I think the news we're reading now based on an anonymous Government briefing to the Telegraph is just a bit of summer spin. And I've read elsewhere that nothing much will happen on the EU front until the Autumn anyway as the countries focus on recovery from CV-19.
https://www.msn.com/en-gb/news/brexi...rtan-ntp-feeds

[Sephiroth]

Originally Posted by 1andrew1

Not looking good for a July deal according to today's news. But the UK government's approach to date has been to climb down at the last minute (Anyone remember the no borders in the Irish sea?) so I think the news we're reading now based on an anonymous Government briefing to the Telegraph are just a bit of summer spin.
https://www.msn.com/en-gb/news/brexi...rtan-ntp-feeds

The key words in the news report are:

Negotiations remained deadlocked this week on fishing rights, the deal’s governance, the role of the European Court of Justice and so-called level playing field guarantees, the report said.

Fishing Rights: They want our cake to eat.

Governance: They want to ECJ to have the say over our courts;

Level Playing Field: They want to tie our hands behind our back.

Of course we should walk away and a total pox on them.

[pip08456]

Originally Posted by Sephiroth

The key words in the news report are:



Fishing Rights: They want our cake to eat.

Governance: They want to ECJ to have the say over our courts;

Level Playing Field: They want to tie our hands behind our back.

Of course we should walk away and a total pox on them.

Looks very fishy to Andrew. (pun intended).

[Carth]

If the net is big enough, and you cast it far enough, you'll catch all sorts of odd things

[tweetiepooh]

The Caribbean hate EU fishing boats. These factory vessels stay in international water and hoover up fish leaving far little for the inshore fishermen on the islands. All perfectly legal.

[1andrew1]

Another good reason to extend our existing deal with the EU.

UK abandons hope of trade deal with US by the end of year
The government has reportedly abandoned hopes of reaching a trade deal with the US by the end of the year, with officials blaming the pandemic for the lack of progress.

The Prime Minister and international trade secretary Liz Truss wanted to agree a deal before November’s American presidential election.

But the Financial Times reports that senior government figures have concluded a deal will not be possible before November as the two sides grapple with issues like allowing US agricultural products into the UK.

“Is it going to happen this year? Basically, no,” one official told the FT.

US trade representative Robert Lighthizer has also played down the idea of any conclusive agreement before November. “That would be a very, very, very quick time. I think it’s unlikely that that happens,” he said at a recent congressional committee.

It is almost impossible unless the members [of Congress] decided they want to do something extraordinary.”

Last September UK officials told the Sun that a deal would be done by July 2020, and even in January remained confident a deal would be wrapped up by the middle of summer.

https://www.cityam.com/uk-abandons-h...e-end-of-year/

[ianch99]

This is not unsurprising but worrying for UK sellers on Amazon:

Amazon FBA Brexit Bombshell – EFN and Pan-European FBA ends for UK

The Amazon FBA Brexit bombshell has dropped which will significantly impact your Amazon business from the 1st of January 2021. Amazon’s UK FBA operations will be split from the EU with no more EFN (European Fufilment Network) and an end to Pan-European FBA inventory transfers between the UK and EU.

At the end of the transition period, the Amazon marketplace will effectively no longer allow you to continue stocking in the UK and selling into Europe (or vice versa) as you can today.

Some comments from those affected:

This was to be expected and is just a logical consequence of Brexit. The people voted for it, now the people can have at it. Smaller companies that rely on exports to the EU (no matter what channel), will be damaged by this. This has been made clear for years. Importing and exporting post Brexit won’t be easy and straight forward as advertised by the “winners”.

I stopped arguing against Brexit after the general election. They won, so they can own it now. My company will suffer as well (we rely on imports, so face huge costs and delays due to customs), but we will be able to cope. In worst case we will need to downsize our workforce and increase pricing.

Customs declarations are a massive PITA and quite complex (and expensive – it’s not as simple as just supplying a few custom codes and country of origin information). So I am not surprised that Amazon has no interest in sorting this for a random British seller who wants to sell a few units to Europe.

Not a bombshell, just a logical and legal decision arising from Brexit. AMAZON and all others suppliers will have to take the same decision: creating a restricted market from a large common one.

Brexit means severance from the EU free market, regaining UK’s sovereignty and installing new commerce conditions which will be inferior as UK won’t part of the EU and its customs zone.

The only bombshell: taking four years to discover that.

See the bright side, AMAZON may create a new zone uniting UK, Australia and NZ. It those two countries don’t see that as an infringement of their sovereignty.

[Carth]

well that must surely be good news to those harping on about chlorinated chicken

[ianch99]

Another piece of bad news for business:





Some wag on Twitter has worked out why the truck park in Ashford, Kent was so small: No deal = No logistics companies.

[denphone]

Originally Posted by Carth

well that must surely be good news to those harping on about chlorinated chicken

l am off to buy one of those oven ready ones.

[1andrew1]

Originally Posted by ianch99

Another piece of bad news for business:

[img]Download Failed (1)[/img]

Some wag on Twitter has worked out why the truck park in Ashford, Kent was so small: No deal = No logistics companies.

Hopefully the article in the Telegraph will encourage Boris start to listen to British business but I'm doubtful. he's undone more of Margaret Thatcher's legacy in one year than Labour have in 20 years.