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EU and Mercosur agree huge trade deal after 20-year talks

The EU and South American economic bloc Mercosur have clinched a huge trade deal after 20 years of negotiations.

EU Commission chief Jean-Claude Juncker said it was the EU's biggest deal to date and, at a time of trade tensions between the US and China, showed that "we stand for rules-based trade".

https://www.bbc.co.uk/news/world-europe-48807161

So while all this is going on where is Liam Fox?

Ah yes.

Trying, and failing, to pick the crumbs from the table of the EU - Japan trade deal....

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On 6/28/2019 at 8:00 PM, manxman1980 said:

No, the company is French owned and involved in the construction industry.  The DIT are interested in trying to secure future investment and job creation in the UK.  They are being met with a resounding message along the lines of "it will happen but Brexit must be sorted out". 

You see that's why I asked because I know what discussions are happening between the DIT and foreign companies.  I know how desperate the DIT are getting to find good news stories and that desperation is increasing as we approach October.   

I wonder why....

Ah, I see. So if the DIT are becoming desperate about future inward investment in the UK, the situation in France and Germany must be truly dire since investment to the UK eclipses both of them put together.

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5 hours ago, P.K. said:

EU and Mercosur agree huge trade deal after 20-year talks

The EU and South American economic bloc Mercosur have clinched a huge trade deal after 20 years of negotiations.

EU Commission chief Jean-Claude Juncker said it was the EU's biggest deal to date and, at a time of trade

Why did it take them 20 years? :D

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8 minutes ago, woolley said:

Why did it take them 20 years? :D

Who knows. No doubt the UK Government will have a deal done in no time?

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3 hours ago, woolley said:

Why did it take them 20 years? :D

Didn't Liam Fox and the rest of The Jolly Brexiteers mention these things take time?

A lot of time....

I can't help thinking that Trump's somewhat erratic and bullying trade wars have concentrated the minds of the Mercosurs somewhat. Teamed up with the EU makes it a very different ball game.

Heaven help The Entity that thinks it can get a better deal going it alone....

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4 hours ago, woolley said:

Ah, I see. So if the DIT are becoming desperate about future inward investment in the UK, the situation in France and Germany must be truly dire since investment to the UK eclipses both of them put together.

Just giving you my recent experience of meeting with the DIT.  Post Brexit will be the real acid test.

Oh, my company have also decided to open a new manufacturing facility in Europe.  The UK was considered and rejected.  Can you guess why?

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1 hour ago, manxman1980 said:

Just giving you my recent experience of meeting with the DIT.  Post Brexit will be the real acid test.

Oh, my company have also decided to open a new manufacturing facility in Europe.  The UK was considered and rejected.  Can you guess why?

Clearly not, because although known to you, the proposition is entirely anecdotal to me. Is it because they are French, perhaps?

It depends on a lot of things such as the sector, the product, the market, the skills required and availability of same, development grants on offer, tax policies, etc. in the various jurisdictions. There are always trade offs to be considered in startups. In my business decisions I have not factored in a disruption to trade because I would bet the farm that it isn't going to happen (or at least not for more than a fortnight!).

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EU signs landmark trade deal with Vietnam

Agreement to cut 99% of tariffs is first with developing country in Asia and swiftly follows deal with South American bloc

In Asia, the EU now has deals with South Korea, Japan and Singapore, and has embarked on talks with Indonesia, Malaysia, the Philippines and Thailand. The Singapore deal is due to come into force this year.

https://www.theguardian.com/world/2019/jun/30/eu-signs-landmark-trade-deal-with-vietnam

After signing up the Mercosur nations the EU trade negotiators just go from strength to strength.

Lucky EU member states eh? All those new markets to expand in.

A central tenet of brexit was how a "liberated" UK would be able to sign up all these terrific trade deals with other nations without being "shackled" by the EU.

It was sold as "The easiest trade deals in human history" if I remember correctly. Make of those who believed it as you will...

So how is Liam Fox getting along?

Ah yes, that's right.

Switzerland....

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Maybe Liam Fox is hoping to corner the market in cuckoo clocks...

The EU has said time and again that the deal on the table is the only one in town. So it's the May Way or the highway.

Yet still Johnson and Cockney Rhyming Slang, knowing that no deal would be a disaster, are maintaining that they will re-negotiate a better deal or hold back on the divorce bill payment thus making the UK an international pariah.

And the brexiteers, ill-informed by the UK right wing press, which is to say pretty much all of it, STILL believe their nonsense!

They say you get the government you deserve.

Well the brexiteers certainly deserve that pair!

But not the rest of us....

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15 hours ago, woolley said:

Clearly not, because although known to you, the proposition is entirely anecdotal to me. Is it because they are French, perhaps?

It depends on a lot of things such as the sector, the product, the market, the skills required and availability of same, development grants on offer, tax policies, etc. in the various jurisdictions. There are always trade offs to be considered in startups. In my business decisions I have not factored in a disruption to trade because I would bet the farm that it isn't going to happen (or at least not for more than a fortnight!).

The investment would have created 150 jobs, mostly skilled, and would have led to opportunities for apprentices and graduates.

It would also have had a positive impact on other businesses as there would have been a need for new suppliers.

The decision had nothing to do with the company being French and everything to do with Brexit.  The UK has gone from being a key market to target to one over which there are major concerns.

 

On another point I see Jeremy Hunt is pledging £6 billion pound for farmers and fishermen effected by a no deal Brexit....

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@ PK. Does Brussels know about you? You really should be running their PR. Any time of day or night, any tiny positive EU morsel and you're on it. Maybe you're already on the payroll.

 

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Mercosur a tiny positive EU morsel?  :lol::lol::lol:

  • Like 1

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58 minutes ago, ballaughbiker said:

Mercosur a tiny positive EU morsel?  :lol::lol::lol:

Well Paddy isn't too pleased for a start. https://www.thejournal.ie/eu-mercosur-deal-explained-4704790-Jul2019/

20 years in the making and, er, could take years, if ever, to ratify. Typical EU. And Mercosur are even worse, they can't agree anything among themselves. Not only that. To prepare to flood the market with cheap beef, they are cutting down what is left of the Amazon rainforest, which provides 20% of the oxygen we breathe. The end of life on Earth, and all down to the EU..........

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