tag:blogger.com,1999:blog-2277215496195926573.post2611510225584212632..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Is Britain leaving the EU regardless of the referendum?Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2277215496195926573.post-11702893648226281722016-06-23T14:52:57.712-07:002016-06-23T14:52:57.712-07:00Tariffs arehistorically pretty low globally now th...Tariffs arehistorically pretty low globally now thanks to the WTO and past talks.The barrier to trade these days is more non tariff barriers(NTF).Typically these include saftey standards and declarations of origin.This is boring technical stuff you need to deal with in trading with many developed nations.Often agreements are set up to recognise one anothers standards to avoid hold ups at borders with paperwork etc.These type of agreements are becoming more and more common.It makes sense to have global standards too so everyone accepts the same standards.Makes global tade much easier if we all make recognised,standardised and homogonised widgets.<br />Topically,this also makes the EU superflous to requirements since we need globally set standards not just European ones.<br />We could have one with the EU eventually should we wish to leave,but they take years to negotiate properly.But done on a sector by sector basis they are more effective than TTIP style negotiations which are very complex and unwieldy to negotiate.<br />Where that leaves your chart is moot.But with the EU economy struggling,trade to the rest of the globe can only continue to grow.Anonymoushttps://www.blogger.com/profile/14758456556310738132noreply@blogger.com