Friday, March 02, 2018

Cargo ship diplomacy

From the latest Theresa May speechifying on Brexit --

First, our agreement will need reciprocal binding commitments to ensure fair and open competition. Such agreements are part and parcel of any trade agreement. After all, why would any country enter into a privileged economic partnership without any means of redress if the other party engaged in anti-competitive practices?

Because the means of redress in a typical trade agreement is simply to retaliate and ultimately suspend the agreement, since more intrusive but less disruptive means of redress is precisely what the UK says it doesn't want. This has already been pointed out to the government by their own technical analysis. 

No comments: