THIS WEEK—The 4th round of UK-EU talks on the future relationship.

REMINDER—For trade, these talks are about where to raise new barriers on UK-EU trade where none exist now

Anything not agreed will be traded on WTO terms, meaning new trade barriers

https://twitter.com/CoppetainPU/status/1265641712225001472?s=20

1/5

Whatever the outcome, *SOME* UK-EU trade will be on WTO terms —> new trade barriers in those areas

If no deal, then *ALL* UK-EU trade will be on WTO terms —> new barriers on *ALL* UK-EU trade

2/5

Details here:

Summary: https://tradebetablog.wordpress.com/2020/05/27/summary-wto-terms-brexit/
Part 1 WTO terms: https://tradebetablog.wordpress.com/2020/05/27/wto-terms-part-1-meaning/
Part 2 Goods: https://tradebetablog.wordpress.com/2020/05/27/wto-terms-part-2-goods/
Part 3 Services and more: https://tradebetablog.wordpress.com/2020/05/27/wto-terms-part-3-services/

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See this thread from @Usherwood on areas of agreement and disagreement

https://twitter.com/Usherwood/status/1267329935309488128?s=20

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Here’s the agenda for this week’s round. Trade is on Wednesday and Thursday: https://ec.europa.eu/info/european-union-and-united-kingdom-forging-new-partnership/future-partnership/negotiation-rounds-future-partnership-between-european-union-and-united-kingdom_en

Is there enough time to cover everything? Imagine how long would be needed if they decided to negotiate tariffs on products individually!

5/5