With little fanfare, the US splits its tariff quotas for UK and EU exports

Most the attention has been on splitting EU import quotas post-Brexit. This is the other side of the coin. Presumably the UK and EU are OK with it

By Peter Ungphakorn
POSTED JULY 5, 2021 | UPDATED JULY 5, 2021

On the eve of the July 4 holiday, the United States announced new tariff quotas for some dairy products and tobacco imported from Britain and the European Union, from 2022.

This is the other side of the coin for an issue that has received much more attention — how the tariff quotas for imports into the original EU28 are being split between the post-Brexit EU27 and the UK, the on-going discussion in the World Trade Organization (WTO), and the resolution with some of the objecting countries.

Presumably Britain and the EU have accepted these new conditions on their exports.

Continue reading “With little fanfare, the US splits its tariff quotas for UK and EU exports”

UK-Australia trade deal: when a cap on farm goods is not a cap

Once again the British government has over-claimed on the effects of an agreement

By Peter Ungphakorn
POSTED JUNE 18, 2021 | UPDATED JUNE 20, 2021

“British farmers will be protected by a cap on tariff-free imports for 15 years, using tariff rate quotas and other safeguards,” declared the UK International Trade Department on June 15, 2021.

But will they, though? The text of the agreement-in-principle between Britain and Australia has now been published (also in several formats on the Australian government website).

It is not a final deal. Much of the text is in the future tense — agreement between the two “will include” this that and the other. Negotiations continue.

A note at the end of the text, which the Australian government calls a “disclaimer”, says:

DISCLAIMER: This document reflects what the UK and Australian FTA [free trade agreement] negotiating teams have jointly decided as of 16 June 2021 should be included in the FTA once it is finalised. It does not prejudge the outcome of the FTA negotiations or any further proposals for FTA commitments either the UK or Australia may make after this date. It is also not intended to create any treaty obligations.”

But it does show some of what is intended for agricultural products.

Continue reading “UK-Australia trade deal: when a cap on farm goods is not a cap”

Down a rabbit hole in search of the Wensleydale deal with Norway

Transparency doesn’t just mean making information available. It means making it accessible and understandable

Rabbit hole noun

A complexly bizarre or difficult state or situation conceived of as a hole into which one falls or descends
I wanted to show this woman descending into the rabbit hole: this loss of self, becoming a servant to her job and to the work — Jessica Chastain

Especially : One in which the pursuit of something (such as an answer or solution) leads to other questions, problems, or pursuits
— While trying to find the picture again on Google, I fell down the Cosmo rabbit hole, scrolling through a gallery of swimwear, then through “How to Be Sexier-Instantly” and then through all 23 slides of “Sexy Ideas for Long Hair.” — Edith Zimmerman

Merriam Webster Dictionary online

By Peter Ungphakorn
POSTED JUNE 8, 2021 | UPDATED JUNE 9, 2021

This is a cautionary tale about just how difficult it is to crack the secret codes of trade agreements. We can ask a simple question: how will the agreement change trade in a particular product. To reach the answer we often have to venture out into a wonderland of obscure paths and hidden traps.

Does it matter? Yes, if we want to find out for ourselves what is in the agreement. Bob Wolfe and I have argued at length about the need for more transparency in trade. This is true of the World Trade Organization (WTO), which is part of the rabbit warren. It is also true of free trade agreements.

Transparency doesn’t just mean making information available. It means making it accessible and understandable. Tracking down tariff commitments can be a nightmare, as this story shows.

Continue reading “Down a rabbit hole in search of the Wensleydale deal with Norway”

The UK’s rolled-over deals after the Brexit transition

UK trade agreements with non-EU countries on January 1, 2020

By Peter Ungphakorn
POSTED JANUARY 1, 2021 | UPDATED FEBRUARY 4, 2021

On January 1, 2021, Britain left the EU Single Market and customs union. That meant the EU’s free trade agreements with non-EU countries no longer applied to the UK.

The British government has negotiated, at speed, “roll-over” agreements with those non-EU countries in order to reproduce the effects of those agreements as much as possible so that continuity is maximised for UK business.

This article does not look at the contents or depth of the deals. It simply counts how many of the EU’s free trade agreements have been “rolled over” into continuity agreements with the UK, and how many have not been done.

Continue reading “The UK’s rolled-over deals after the Brexit transition”

‘No deal’ on UK-EU trade is worse than ‘Australia-style’

In the final days of the UK-EU talks on their future relationship, we may hear a lot more of the mythical Australia model

By Peter Ungphakorn
POSTED NOVEMBER 30, 2020 | UPDATED DECEMBER 1, 2020

As the risk of failure in the UK- EU talks on their future relationship increases towards the end of the Brexit transition, the British government is trying to disguise “no deal” as if it were some kind of deal.

JUMP TO
Australia’s deals with the EU
Incomparable trade profiles
Free trade agreements
More charts

What Brexiters used to call a “WTO deal”, is now “An Australia-type relationship” in coordinated messaging from Prime Minister Boris Johnson, his Cabinet, and his supporters in Parliament. Among the latest is Environment and Farming Secretary George Eustice. He of all people should know better.

Continue reading “‘No deal’ on UK-EU trade is worse than ‘Australia-style’”

Text of the UK-Japan trade deal: user-friendly download links

Chapter-by-chapter links

By Peter Ungphakorn
POSTED OCTOBER 24, 2020 | UPDATED JANUARY 25, 2021

The UK-Japan free trade agreement was signed in Tokyo on October 23, 2020. This page provides user-friendly links to download different chapters and annexes of the entire agreement.

Why do this? On the UK government’s website, the files are sub-divided somewhat arbitrarily — in particular the long files of goods schedules are split at arbitrary places, making it difficult to identify what each file contains.

The files linked here were taken from that website (on October 24, 2020), then redivided and in some cases recombined into chapters and annexes, and labelled accordingly.

This should also help in comparing the agreement, chapter by chapter, with the EU-Japan agreement (full details here).

Continue reading “Text of the UK-Japan trade deal: user-friendly download links”

Four years on, still basic mistakes on tariffs at the very top of UK politics

An exchange on tariffs in the Commons Liaison Committee shows a lack of basic understanding by Johnson, the chair of a key committee and a leading journalist

By Peter Ungphakorn
POSTED SEPTEMBER 18, 2020 | UPDATED SEPTEMBER 22, 2020

Here we go again. You’d have thought they would get it right by now. After all it’s over four years since the Brexit referendum thrust trade and World Trade Organization (WTO) rules into the British political consciousness.

And yet, there we were, on September 16, 2020, a few weeks before a UK-EU trade agreement was supposed to be concluded, listening to two leading politicians showing they still don’t get the most basic rule in international trade.

Continue reading “Four years on, still basic mistakes on tariffs at the very top of UK politics”

Will ‘Melton Mowbray’ stay protected in the EU after the Brexit transition?

The UK has agreed to keep EU names protected, but what about UK names in the EU?

By Peter Ungphakorn
POSTED AUGUST 29, 2020 | UPDATED JANUARY 10, 2021

News that Britain wanted to renegotiate a deal struck in the Brexit Withdrawal Agreement on geographical indications — names such as Scotch whisky, Melton Mowbray pies, Cognac and Roquefort cheese — has triggered a discussion about what exactly was agreed, what wasn’t included and why not.

A report in The Guardian (echoing some earler reports) said the EU was “flabbergasted” that the UK wanted to water down the deal on geographical indications. “It’s just not going to happen,” the report quoted an EU official as saying.

Continue reading “Will ‘Melton Mowbray’ stay protected in the EU after the Brexit transition?”

Summary: ‘WTO terms’ apply in any future UK-EU trade relationship. But how much?

A lot has been said about Britain trading with the EU on ‘WTO terms’. But a fundamental misunderstanding needs to be cleared up. It’s not just about ‘no deal’.

By Peter Ungphakorn
POSTED MAY 27, 2020 | UPDATED MAY 27, 2020

This is a summary of a 3-part article looking at the meaning of “WTO terms” for UK-EU trade in goods, services and more.
The main article is here
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The series draws partly on a paper from The UK in a Changing Europe

Now that UK-EU trade talks have begun, it’s important to recognise that “WTO terms” will unavoidably apply to the trading relationship — whether or not there’s a deal. It isn’t either/or. It isn’t either a deal or “WTO”, as some people describe it. It’s a question of scale.

The point is: the more the UK and EU trade on WTO terms, the more trade barriers they raise against each other — from a starting position where trade between them has fewer international trade barriers than anywhere else in the world outside the EU. Continue reading “Summary: ‘WTO terms’ apply in any future UK-EU trade relationship. But how much?”

‘WTO terms’ apply in any future UK-EU trade relationship. But how much? Part 1 ‘WTO terms’

A lot has been said about Britain trading with the EU on ‘WTO terms’. But a fundamental misunderstanding needs to be cleared up. It’s not just about ‘no deal’. Part 1 of 3

By Peter Ungphakorn
POSTED MAY 27, 2020 | UPDATED MAY 27, 2020

This first of 3 parts looks at the meaning of “WTO terms” for UK-EU trade. Part 2 is on goods trade. Part 3 is on services, intellectual property and other issues.
A short summary is here
.
They draw partly on a paper from The UK in a Changing Europe

Now that UK-EU trade talks have begun, it’s important to recognise that “WTO terms” will unavoidably apply to the trading relationship — whether or not there’s a deal. It isn’t either/or. It isn’t either a deal or “WTO”, as some people describe it. It’s a question of scale

And that scale determines how many trade barriers go up on trade between the UK and EU — from a starting position where their trading relationship is one of the freest in the world.
Continue reading “‘WTO terms’ apply in any future UK-EU trade relationship. But how much? Part 1 ‘WTO terms’”