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Japan Trade Deal Lie sheet
1. HMG estimated a £1.5B upside to the deal by comparing it not to the EU deal we had but to No Deal [ https://fullfact.org/economy/uk-japan-trade-benefits/?utm_source=content_page&utm_medium=related_content]
2. The deal is not a major win, impossible in EU. It's a copy with some minor changes.
[ https://tradebetablog.wordpress.com/2020/10/24/the-uk-japan-trade-agreement-links/#analysis]
Japan Trade Deal Lie sheet
1. HMG estimated a £1.5B upside to the deal by comparing it not to the EU deal we had but to No Deal [ https://fullfact.org/economy/uk-japan-trade-benefits/?utm_source=content_page&utm_medium=related_content]
2. The deal is not a major win, impossible in EU. It's a copy with some minor changes.
[ https://tradebetablog.wordpress.com/2020/10/24/the-uk-japan-trade-agreement-links/#analysis]
3. The deal doesn't increase from 7 to 70 protected products [ https://www.google.com/amp/s/tradebetablog.wordpress.com/2020/10/26/fact-check-uk-gi-japan-deal/amp/]
4. Copy/Paste
The wording is the EU agreement with new references to potential talks to expand the list. Something that was also possible under the EU Agreement. [ …https://tradebetablog-wordpress-com.cdn.ampproject.org/v/s/tradebetablog.wordpress.com/2020/10/26/fact-check-uk-gi-japan-deal/amp/?usqp=mq331AQFKAGwASA%3D&_js_v=0.1#same]
4. Copy/Paste
The wording is the EU agreement with new references to potential talks to expand the list. Something that was also possible under the EU Agreement. [ …https://tradebetablog-wordpress-com.cdn.ampproject.org/v/s/tradebetablog.wordpress.com/2020/10/26/fact-check-uk-gi-japan-deal/amp/?usqp=mq331AQFKAGwASA%3D&_js_v=0.1#same]
5. Reduced Sovereignty
Parliament had significantly less time to review the deal than in the EU. In that, it had no time at all and has been removed from the process. [ https://uksala.org/subsidy-provisions-in-the-uk-japan-comprehensive-economic-partnership-agreement-what-are-they-and-what-do-they-mean-for-the-uk-eu-negotiations/]
Parliament had significantly less time to review the deal than in the EU. In that, it had no time at all and has been removed from the process. [ https://uksala.org/subsidy-provisions-in-the-uk-japan-comprehensive-economic-partnership-agreement-what-are-they-and-what-do-they-mean-for-the-uk-eu-negotiations/]
6. No State Aid
Much was made of EU State Aid rules to justify the implementation of the Internal Market (Enabling) Act.
Which makes it all the more odd we kept the exact same rules in the Japan Agreement that we have with the EU.
[ https://share.getliner.com/67Ot6 highlighted]
Much was made of EU State Aid rules to justify the implementation of the Internal Market (Enabling) Act.
Which makes it all the more odd we kept the exact same rules in the Japan Agreement that we have with the EU.
[ https://share.getliner.com/67Ot6 highlighted]
7. No soy sauce.
As I think everyone now knows it won't be cheaper.
1. Tariffs haven't changed.
2. The pound has declined vs. Yen due to Brexit.
If anything soy sauces, made in Japan*, will be more expensive.
*and maybe in general since most of our Soy Sauce is German.
As I think everyone now knows it won't be cheaper.
1. Tariffs haven't changed.
2. The pound has declined vs. Yen due to Brexit.
If anything soy sauces, made in Japan*, will be more expensive.
*and maybe in general since most of our Soy Sauce is German.
Postscript One
Indi confirms many of the details in this thread https://twitter.com/atatimelikethis/status/1325099937957351426?s=19
Indi confirms many of the details in this thread https://twitter.com/atatimelikethis/status/1325099937957351426?s=19
