Could you grab us a trade deal on your way back?
Or a virus or two to soften us up
No I'm Chinese but every other day i see articles about the Chinese in the bbc front page news lol.
Usually negative
Just for transparency, this is the Times editorial leader from 31 March. It’s opinion, not reportage, as might be evident by the lack of facts and excess of opinion. The fact that its opinion is clear in the Times, less so in your post.The Times - end of March
The deal struck by Kemi Badenoch in the early hours of Friday, opening the way for Britain to join the CPTPP, a huge Indo-Pacific trade bloc, is a significant achievement for the government and welcome boost to the country’s post-Brexit fortunes. It means that Britain will become the first country from outside the region to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership since it was established in 2018 to increase trade links between its 11 members. Once Britain joins, the CPTPP will be home to 500 million people and be worth 15 per cent of global GDP, which is more than the 27 members of the European Union. Those figures are sure to rise given that other countries are queueing up to join.
True, the immediate economic benefits are likely to be limited. That’s partly because Britain’s trade with the bloc is relatively limited. Exports to CPTPP countries in 2021-22 were worth about £60 billion. That compares with exports of £161 billion to America and £330 billion to the EU. It’s also because the CPTPP is not a single market like the EU but a free trade area, whose primary focus is on lowering tariffs. Since Britain already has free trade agreements with all but two of the members, Malaysia and Brunei, there are few additional gains from new tariff deals on accession. A government analysis suggests the economic boost could be as little as 0.08 per cent of GDP.
Nonetheless, Ms Badenoch is right to insist that the way to view this deal is akin to investing in a start-up. CPTPP rules of origin, which require all goods produced in member countries to be treated as domestic for the purposes of trade within the bloc, will make it easier for British firms to participate in regional manufacturing supply chains. And while the CPTPP does little to improve market access in services, which account for 43 per cent of Britain’s exports, it does remove the requirement for British firms to open offices in member countries before they can start to trade, thereby removing cost and bureaucracy.
The real advantage of membership comes from the influence it gives Britain over how the block might develop in the future. At a time when the global rules-based trading system is fragmenting and a growing number of countries are reverting to outright protectionism, including America itself, as it did under Donald Trump and now under Joe Biden, Britain has secured a seat at the table among what are forecast to be some of the world’s fastest growing economies over the coming decades. That will give Britain a powerful platform both to push for further liberalisation of the trade among members of the bloc but also to champion efforts to reform the rules-based trading system in ways that ensure its important benefits to global prosperity are not lost.
Indeed, CPTPP membership brings broader diplomatic benefits too. Britain will have a veto over future entrants. Already some are calling for the government to rule out allowing China to join. More broadly, it will give Britain a stronger voice in the region, in line with the tilt to the Indo-Pacific announced in the Integrated Review. Of course, that is not and cannot be a substitute for a close partnership with Britain’s allies and neighbours in the EU. Instead, strong global relations reinforce each other. Following the King’s highly successful tour of Germany this week, this deal is another sign that Britain, after the turmoil of recent years, is recovering its poise.
Just for transparency, this is the Times editorial leader from 31 March. It’s opinion, not reportage, as might be evident by the lack of facts and excess of opinion. The fact that its opinion is clear in the Times, less so in your post.
The editor of the Times is Tony Gallagher, a self confessed Brexiter and Johnson fan. When editor of the Sun in 2016 he claimed that the Queen supported Brexit and refused to qualify or provide evidence for that claim. So his opinion, which he is entitled to and which by virtue of his position is entitled to share, might not be exactly balanced.
The posts which highlight the potential tiny impact of this trade treaty are based on the Government’s own published assessment.
As all treaties involve an element of sharing sovereignty and acting in accordance with the wishes of other countries I wonder if those who are exercised by such matters think this is a good deal.
So from your perspective sovereignty is not a matter of principle, but one of scale?Any sovereignty shared is minuscule compared with that demanded by EU membership.
So from your perspective sovereignty is not a matter of principle, but one of scale?
Let’s say no. Is sovereignty as a principle important to you, or was your problem simply the way the EU works (some of which I probably share)?Would the UK have to pay into some rich old men’s pension pot ?
So from your perspective sovereignty is not a matter of principle, but one of scale?
Let’s say no. Is sovereignty as a principle important to you, or was your problem simply the way the EU works (some of which I probably share)?
I don’t disagree in terms of the bureaucracy of the EU stinking. I used to think the concept is ok, if we can’t have something radically better, but it’s all irrelevant now, we’ve gone and we aren’t going back, even if the majority of the country want us to.Genuinely didn’t give a flying **** about sovereignty and flag shagging stuff. However , when the EU as a whole decided things that went against the principles I believed in, like the free flow of low cost labour as a commodity, then of course I was against it
The EU in principle would have been a great idea as a trading block, however it is being used as a way for a few old timers to get very rich from the taxes if working class people of the whole of Europe…Peiple like the Kinnocks, Blair and Farage have made a tidy sum out of it….and will continue to do so.
That, in my opinion, is very wrong. Happy for you to disagree though
WowGenuinely didn’t give a flying **** about sovereignty and flag shagging stuff. However , when the EU as a whole decided things that went against the principles I believed in, like the free flow of low cost labour as a commodity, then of course I was against it
The EU in principle would have been a great idea as a trading block, however it is being used as a way for a few old timers to get very rich from the taxes of working class people of the whole of Europe…People like the Kinnocks, Blair and Farage have made a tidy sum out of it….and will continue to do so.
That, in my opinion, is very wrong. Happy for you to disagree though
I don’t disagree in terms of the bureaucracy of the EU stinking. I used to think the concept is ok, if we can’t have something radically better, but it’s all irrelevant now, we’ve gone and we aren’t going back, even if the majority of the country want us to.
I’m just interested in what individuals’ red lines are. If yours are about paying bureaucrats’ pensions, why not so upset at having to pay for the senior British civil servants and your bosses in the ambulance service and so on? It’s not a wind up question, as you should know from me.
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This really was the place to be as a youth
Was an absolute ****hole when I was a youth.
Was, is and will continue to be.
****ing hell Strolls……that’s a bit much. A mosque is a place of worship and to call it a ****hole is nasty.
Surprised at you