BREXIT PART 2: Trade deal opinions in 2 minutes

So having covered basic facts here's some review of those facts

If we leave without a deal we'll just go back to WTO rules?
Well no, the tariffs and quotas we have with the WTO are actually bundled together with the rest of the EU so we first need to extract our share, this is not going to be super simple, already WTO members have said we'll need to start from scratch
https://www.theguardian.com/world/2018/oct/26/russia-brexit-liam-fox-wto-plan-uk

But the WTO rules to trade with the EU are just fine?
Well at the moment we can trade as much of anything we want with the EU

You can take a look at how complex the WTO is here
http://tariffdata.wto.org/ReportersAndProducts.aspx

To give you an idea the WTO isn't just a case of "OK so you have a 20% tariff on trade" each tiny thing has to be tracked tarrifed and quota'd, you can see here down to the level of "Cocoa shells, husks, skins and other cocoa waste"


But we want to stop all these EU rules?
Well it depends, the view is that the UK is a rule taker at the moment but the fact is that the whole of the EU are takers of the rules this provides a level playing field. This is somewhat advantageous for the UK because we're quite good at working to rules.



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