Brexit costly in trade terms whatever deal reached with EU

LONDON (Reuters) Britain departure from the European Union will canada goose store be costly for both 2018 canada goose outlet sides in trade terms, however good the exit deal reached, former head of the World Trade Organization Pascal Lamy canada goose coats on sale said on Canada Goose Coats On Sale Thursday.

Pascal Lamy, former World Trade Organization Director General, speaks canadian goose jacket during an interview at the Reuters Russia Investment summit in Canada Goose Parka Moscow, Russia, September 30, 2015. REUTERS/Maxim Shemetov

Prime Minister canada goose clearance Theresa May has said Britain will be leaving the EU single market and Canada Goose Jackets will instead seek a bold and ambitious free trade agreement with the bloc.

deal canada goose deals we succeed in buy canada goose jacket cheap making, and I am pitching for the best deal, the most open, the most simple, the most efficient and the most pragmatic, the greatest deal we can have, is going to be complex and costly, said Lamy, a former European trade canada goose outlet store locations commissioner who headed the WTO from 2005 to click over here 2013.

trade terms, there is no way switching from the internal market to any canada goose coats other arrangement, including the best, won be costly, he told an audience at the Institute for Government think tank in London.

Lamy said that even though reaching a tariff free agreement for trade in goods canada goose clearance sale was a brainer regulations and customs procedures would add a layer of costs for both sides.

that has a cost for the UK has a cost for canada goose the Canada Goose sale continent because of the deep integration of our production systems, he said.

May is due to trigger Article 50 of the EU Lisbon Treaty, beginning two years of divorce cheap Canada Goose talks, by the end of this month.

Lamy said it would not be possible to reach a deal in this time, with Canada Goose Online just the trade agreement element likely to take five to six years, and Canada Goose Outlet that a transitional period would be needed.

May has also Canada Goose online said she is prepared to walk away from negotiations without a deal if she doesn like what is on offer. In the absence of buy canada goose jacket an agreement, https://www.topparka.ca trade between Britain and the other canada goose black friday sale 27 EU canada goose replica members would default to WTO rules and tariffs.

Lamy, who was also chief of staff to former European Commission president Jacques Delors, rejected May suggestion that no deal could be better than a bad deal, saying trading on WTO terms canada goose outlet toronto factory be worse than a bilateral agreement.

Similar articles