CPTPP trade deal will benefit UK if we use it, says Kemi Badenoch
www.bbc.co.uk
The business secretary's comments come as she signs off a new deal with 11 Asia and Pacific nations.
  • Lazylazycat@lemmy.worldOPEnglish
    12·
    1 year ago

    I’m a buyer for a large wholesaler and distributor. The glaringly obvious reason I do direct trade with e.g. Germany over New Zealand is the huge discrepancy in time/cost of haulage.

    I’m not going to suddenly start buying/selling coffee from one of the countries in this deal when, even with all the extra red tape and costs when trading with the EU post-Brexit, it would still work out cheaper and vastly quicker to buy from/sell to the EU.

    • Tenebris NoxEnglish
      6·
      1 year ago

      But… but… but… sOvErEiGnTy… surely countries across the world are queuing up to trade with us and willing to pay for the haulage?

    • HumanPenguinEnglish
      4·
      1 year ago

      No but they signed a free trade deal with the EU. At the same time as ours.

      So this is def not a benefit of Brexit. As we would have had the same deal if we remained. NZ just now has 26+ more nations than the UK to trade freely with.

  • davidEnglish
    1·
    1 year ago

    The downsides are the ability for companies to sue countries for passing legislation that reduces profits.