tisdag 2 april 2019

Rampant mercantilism

I picked this up in an article headed “Would the UK be better off outside the Customs Union.”
A YouGov survey last July found that independent trade policy was voters’ joint fourth Brexit priority, behind control over immigration, and ending EU rules and budget payments.
Trade experts say deals get more contentious once they become real. “It is one of those things that sounds great but when it actually comes down to it trade has always been controversial because people always want something from you,” said David Henig, who was heavily involved in negotiations on an EU-US trade deal. “New Zealand want to sell more lamb and Australia certainly want to sell us more lamb. That’s not going to go down very well in Wales or Scotland.”
Henig’s mercantilism is showing. Cheaper New Zealand and Australian lamb would go down very well with shoppers in Cardiff and Glasgow. Why is there this blindness to the obvious? Should this man be in charge of negotiating trade deals when he evidently has such a limited idea about the purpose of trade?

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