More than two-thirds of goods sales to EU27 countries come from countries which have no free trade agreement with the EU
Latest EU report shows majority of non-EU world trades with EU without any ‘deal’
A quick summary of what we can look forward to in the coming year
The news in 2020 is likely to be dominated by UK trade talks with the EU, if the “Withdrawal Agreement” becomes an international treaty on 31 January 2020.
27 December 2019
Despite the UK having voted to leave the European Union in June 2016, the EU Commission will not be ready to discuss ongoing trade until March next year. That’s three years and nine months of the EU refusing to start engaging in trade talks with the United Kingdom – its second-largest goods export market.
BREXIT FACTS4EU.ORG SUMMARY
Here is a quick trade perspective at Christmas, to remember in 2020
72% of goods sales into the EU come from countries with no EU trade deal
This becomes 85% after excluding Norway, Switzerland, and Turkey (These countries have close ties to the EU – Single Market or Customs union)
The above are summary figures researched from the EU’s 2019 report on the implementation of EU free trade agreements.
Furthermore, the UK is the EU27’s 2nd-largest market for goods
85% of sales into the EU come from countries without either a free trade deal or Single Market and Customs Union membership. This is according to the EU Commission in its trade report published in October.
When the EU is finally ready to discuss trade with the UK in March 2020, we sincerely hope that UK negotiators will walk into the room with the right attitude.[Sources: EU Commission Trade Directorate | Eurostat – official EU statistics agency]
1. James Bertram, Friday, December 27, 2019, 09:30:
Can anyone explain why we are giving the EU £39 Billion (that’s £650 for every man, woman and child), and probably a lot more, just to initiate talks with the EU on a Free Trade Agreement, when most countries trade without one? What on earth do we hope to gain from this? Why do the Tories continue with this shocking waste of money promised by that wretched quisling May (and when only giving 6 Billion towards building 40 new hospitals)?
3. George P, Friday, December 27, 2019, 12:49:
James Bertram: The only reason that I can think of why we are giving the EU billions is that Theresa May and Olly Robbins naively thought that the EU would be nice to us if they handed over the cash. Other than that they were keeping us close so that if we didn’t have a (planned) second referendum and actually left, then it would be easy to rejoin in the future. Also there is no reason why we should have written off our share of the EU’s assets, or agreed only to take back our original stake in the EIB (index linked) rather than the percentage share that our original stake represented, taking account of the growth and profits of the bank. They were hopelessly spineless and the fact that when Olly Robbins resigned he received a knighthood and walked into a job at Goldman Sachs shows how utterly rotten this country is. I expect better from Boris, but I’m not going to hold my breath after he went into a meeting with Varadkar the Irish PM saying that there would have to be checks in Ireland and came out telling us they had a great deal putting a border down the Irish Sea!
4. L Jones , Friday, December 27, 2019, 18:53:
Comment 1 – Mr Bertram. I was always under the impression that to pay a foreign entity in the interests of trade was ‘bribery’ and therefore illegal. This is, as you say, shameful. “….if the ‘Withdrawal Agreement’ becomes an international treaty on 31 January 2020.” And THIS after many MPs pledged on standup4brexit.com that May’s WA would be “abandoned” as “dead”. And it hasn’t been, has it? It’s been admitted that it’s the same “WA” with slight tweaks and is the same one that these MPs voted against – three times, for some. What has changed their minds? We are being cheated and insulted yet again.