John Hemming's Web Log John's Reference Website
Saturday, April 23, 2016
  Trade agreements and the EU
It is interesting that Barack Obama has been clear about what is entirely obvious in terms of trade agreements. The EU is a Common Market. It starts out as a trade agreement. It has rules as to how the trade agreement's detailed rules change, but it is a trade agreement. There is a debate about establishing an agreement between the EU and the US which is called TTIP. However, the UK should not expect to establish trade agreements before the EU has completed its agreements. More importantly the terms of any agreement the UK has with other countries is likely to be essentially the same rules as in the larger regional trade agreements. Hence we end up in a situation in which we are subjected to rules that we have no control over.
 
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