Quote:
Originally Posted by TheDaddy
Out of interest what business will we be doing that we're not doing now, what will we be selling the world that we're not selling now. I can see what the rest of the world is getting out of it re clorinated chicken and the like but what do we get out of it.
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We won't be constricted by EU rules when it comes to trade with non-EU countries and tariff-free access to fast growing, protected markets of Asia, Africa and South America would be worthwhile.
As of right now, EU membership prevents us negotiating free trade deals and the EU has negotiated, so few deals for us, for example, none at all with the likes of China, India, Australia, Brazil. (And these are screaming to trade with us once we leave the EU).
As for the Single Market, every country has access to the Single Market, with or without tariffs.
If we left the EU with no trade deal, our exports would face EU tariffs averaging just 2.4%.
The other beauty is, we can retain free trade with the EU without paying our current entry fee which costs more than the tariffs we avoid. To put it another way, our net contribution to the EU budget is equivalent to a 7% tariff. Paying 7% to avoid 2.4% costs, is a total con!