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Z Giles's avatar

As someone in the relatively rare position of simultaneously being knowledgeable enough on trade to know what you mean by mutual recognition of conformity assessment bodies, and also being in favour of Brexit, I feel like I ought to give my thoughts here, as whilst I wouldn’t go as far as to call it a bEtRaYaL oF bReXiT, I do still think the deal obtained here really isn’t that great.

The key thing as you said, relates to fishing and SPS. Part of why I’m in favour of Brexit is that, having embarked on a project to essentially map what every country’s optimal economic specialisations should be, the UK is in an entirely unique position in the world in which it is both a large, developed economy, and has neither a substantial agriculture nor manufacturing sector within its specialisms. Whilst not every country is likely to want to push both manufacturing and agriculture, most countries care significantly about either one or the other, and so are likely to want to seek concessions in it with regards to trade, whilst also being highly protective of its own markets. This usually means trade negotiations are stalled to a tortured crawl with neither side really wanting to budge on anything more substantial than a few tariff reductions.

However, unlike essentially every other advanced country that isn’t Singapore, Ireland and a few others, the UK is almost entirely focused around services, and is arguably the best in the world at it. This puts it in an absolutely fantastic trading position, as it is simultaneously large enough for it to be worthwhile, is not likely to be a threat to your pet goods industries, is perfectly willing to open its own markets up to your industries, and the thing it’s asking for in return (services concessions) is either something you don’t care about or something which you’d actively benefit from closer links to London etc.

My concern is therefore that by tying ourselves to EU regulations, we are simultaneously removing our capacity to manoeuvre when it comes to making deals with others, and also doing so for the sake of an industry that frankly isn’t that important to the UK economy. Yes, it’s true that we’ve successfully signed trade deals with a tonne of agricultural focused countries, but this is largely a testament to other factors, and for most of them (fingers crossed India aside) they were generally lacking in services provisions - being able to turn around and say that we’ll let your food in without a bunch of stupid and unnecessary EU restrictions would be a viable additional concession to make in exchange for stuff we actually care about. Instead, we seem to be throwing this down the drain so Keir Starmer can use rule of three in his PMQs.

Furthermore, when it comes to agriculture, the one exception to our lack of specialty here is in fishing, and it is exactly this that we are arguably throwing under the bus for the sake of it. Ironically for a bloc which frames so many dubious regulations in the name of environmental standards , EU fishermen are notorious for annihilating marine ecosystems with their industrial trawlers - at this rate we will be giving up our viable agricultural sector and potentially forcing ourself to follow the rules (without a say) to destroy it. in favour of one which we don’t care about, and in a manner that harms our capacity to pursue future interests in areas we care about. At the very least charge them for the privilege like Norway does.

As for YMS, the big issue here is that the EU wants us to let their students use domestic fees, which as anyone who knows anything about university funding is a complete nonstarter. And beyond these areas, the only other thing we get is a bunch of commitments to “discuss” a bunch of areas which have been framed entirely in ways that heavily favour what the EU wants, including for some reason defence, which is entirely an EU benefit yet remains weirdly something they are trying to use as a bargaining chip?

If they were giving us something more substantial here (like say the aforementioned MRCAB issue, which is apparently okay for the US to have but not us), then I would potentially be more up for discussion. However as things stand, whereas I’m cautiously optimistic about the US and India deals, I simply fail to see how this remotely reflects the UK’s strategic priorities.

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Daisy MaxDividends Team's avatar

The text critiques the ongoing discourse surrounding Brexit, particularly the reactions to new EU-UK agreements. The author argues that many criticisms are exaggerated or misinformed, emphasizing that the new deal does not equate to a betrayal of Brexit, as it does not lead to the UK's rejoining the EU. The commentary highlights the differences between youth mobility schemes and free movement, and acknowledges that while the UK will continue to align with certain EU regulations, this was already happening. The author calls for a more rational discussion about the UK's trading interests, suggesting that it's time to move past sensationalist commentary and focus on practical implications. Overall, the piece advocates for a more serious and informed approach to Brexit-related discussions.

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