Fast Pat Posted July 9, 2019 Share Posted July 9, 2019 WTO Director General Roberto Azevêdo contradicts Brexiteer claims on no-deal tariffs and "Gatt 24" https://www.prospectmagazine.co.uk/economics-and-finance/jumping-from-league-one-to-league-three-wto-insiders-scathing-assessments-of-a-wto-brexit "What is the truth of the matter? Alarmingly, when I put this question to Azevêdo, he said Gatt 24 would simply not apply with a no-deal outcome. “Article XXIV of the GATT is simply the provision of global trade law under which free trade agreements and customs unions are concluded,” he explained. The problem is that it only kicks in in the event of such a deal being struck. “If there is no agreement, then Article XXIV would not apply, and the standard WTO terms would.”" But obviously Boris knows better, after all he wouldn't tell a lie would he? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted July 9, 2019 Share Posted July 9, 2019 Fast Pat - 2019-07-09 7:56 AM WTO Director General Roberto Azevêdo contradicts Brexiteer claims on no-deal tariffs and "Gatt 24" https://www.prospectmagazine.co.uk/economics-and-finance/jumping-from-league-one-to-league-three-wto-insiders-scathing-assessments-of-a-wto-brexit "What is the truth of the matter? Alarmingly, when I put this question to Azevêdo, he said Gatt 24 would simply not apply with a no-deal outcome. “Article XXIV of the GATT is simply the provision of global trade law under which free trade agreements and customs unions are concluded,” he explained. The problem is that it only kicks in in the event of such a deal being struck. “If there is no agreement, then Article XXIV would not apply, and the standard WTO terms would.”" But obviously Boris knows better, after all he wouldn't tell a lie would he? I guess it depends on whether the EU who exports much more to us than we sell to them want THEIR exporters to suffer? ;-) .......... Seeing as Germany has been on the verge of recession for months.......I think that's unlikely >:-) ....... Link to comment Share on other sites More sharing options...
FunsterJohn Posted July 9, 2019 Share Posted July 9, 2019 Fast Pat - 2019-07-09 8:56 AM WTO Director General Roberto Azevêdo contradicts Brexiteer claims on no-deal tariffs and "Gatt 24" https://www.prospectmagazine.co.uk/economics-and-finance/jumping-from-league-one-to-league-three-wto-insiders-scathing-assessments-of-a-wto-brexit "What is the truth of the matter? Alarmingly, when I put this question to Azevêdo, he said Gatt 24 would simply not apply with a no-deal outcome. “Article XXIV of the GATT is simply the provision of global trade law under which free trade agreements and customs unions are concluded,” he explained. The problem is that it only kicks in in the event of such a deal being struck. “If there is no agreement, then Article XXIV would not apply, and the standard WTO terms would.”" But obviously Boris knows better, after all he wouldn't tell a lie would he? Well, Boris didn't lie and here's a bit more clarity. And tellingly, not one of the people named has challenged the assertions. This is from a letter in the DT a couple of weeks ago: Free trade with EU SIR – Boris Johnson recently suggested that the best way to manage Brexit without economic disturbance was to use the General Agreement on Tariffs and Trade (Gatt) Article 24 to trade freely with the EU on a temporary basis while a formal free-trade agreement is negotiated. The BBC, certain politicians and even Mark Carney, the Governor of the Bank of England, appear to be almost wilfully misunderstanding this suggestion in order to deny its possibility. Suspicious minds might even fear some collusion. On the Today programme on June 21, Mr Carney was pressed by the interviewer to say that Mr Johnson’s idea was “rubbish”. On the Andrew Marr Show on June 23, Liam Fox was similarly encouraged. He was led to imply that a Withdrawal Agreement was necessary before Article 24 could be used, which is the opposite of the truth. Mr Marr even said, “Thank you for being so frank” at the end of the interview – surely the first time a BBC journalist has said anything like that to a Tory minister since the Fifties. They are all being disingenuous. The plain fact is that Article 24 of the Gatt does permit tariff-free trade to continue pending the conclusion of a full free-trade agreement. As Mr Johnson has suggested, the UK should offer this to the EU. All that is needed is for the EU to consent to a one-page agreement in principle. A basic tariff-free trade agreement is plainly in the interests of EU exporters and consumers just as much as in those of the UK, if not more. There is no need for the 500-page Withdrawal Agreement or any elaborate “implementation period”. Theresa May’s discredited deal, which some politicians are trying to resuscitate, is redundant. A no-deal cliff edge – the Remainers’ bugbear – loses its last threads of credibility. We challenge Mr Carney, Mr Fox, Mr Marr, the BBC and any other commentators to refute any of the above statements. Sir Richard Aikens Former member of the Court of Appeal Professor David Blake Cass Business School Dr TD Grant Lauterpacht Centre for International Law, Cambridge Dr Graham Gudgin Judge Business School, Cambridge Dr Ruth Lea Economic commentator Professor Robert Tombs St John’s College, Cambridge Link to comment Share on other sites More sharing options...
Fast Pat Posted July 9, 2019 Author Share Posted July 9, 2019 "All that is needed is for the EU to consent to a one-page agreement in principle." = unicorns. To agree to this is to renege on promises made to Ireland and they're still a member of the club with vetoing powers. Link to comment Share on other sites More sharing options...
Barryd999 Posted July 9, 2019 Share Posted July 9, 2019 Fast Pat - 2019-07-09 10:19 AM "All that is needed is for the EU to consent to a one-page agreement in principle." = unicorns. To agree to this is to renege on promises made to Ireland and they're still a member of the club with vetoing powers. Exactly. 11th hour clutching at straws again. This is no way to do business. We should have left by now and only now are they scrabbling around flying by the seat of their pants trying to find solutions to avoid catastrophe at the last minute. "What shall we come up with this week to try and get the square pegs in the round holes?". Frankly, its embarrassing. The entire world is laughing its tits off at the stupid Ingleesh. None of them will have even heard of GAT24 until last week probably. Link to comment Share on other sites More sharing options...
FunsterJohn Posted July 9, 2019 Share Posted July 9, 2019 Fast Pat - 2019-07-09 11:19 AM "All that is needed is for the EU to consent to a one-page agreement in principle." = unicorns. To agree to this is to renege on promises made to Ireland and they're still a member of the club with vetoing powers. Wow? And none of the signatories of that letter thought about this? Amazing. The EU is in the mire, Germany is teetering on the brink of recession and will of course be delighted to virtually halt the export of all those lovely Mercs, Audis and BMWs. Yea, of course they will! They'll fall over themselves to sign a trading deal under Gatt 24 and ensure the smooth flow of their goods, which as we all know far outweigh our exports to the EU, by a massive margin. And Ireland? Oh yea, they won't be worried about blocking a deal and tipping Germany and the rest into recession! Ha ha. Get real. This is from the Grauniad - it will be interesting to see how our leading single-issue fanatic manages to label this a guy a moron and an idiot. https://www.theguardian.com/business/2019/mar/24/the-europe-union-has-bigger-problems-to-deal-with-than-brexit We need to get out of this wreck of a project before we're stuck with a bail-out bill of billions of pounds. Link to comment Share on other sites More sharing options...
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