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In addition, there has been no agreement on a methodology for carving out UK share of current EU28 WTO trade quotas, and in that context, it cannot simply be assumed that proportionate (to what?) quotas will be granted to the UK. The Joint letter from the EU and the UK Permanent Representatives to the WTO is a statement of intent only, and implies a harmonious Brexit process and Treaty will be agreed.
Finally, the EU is actively engaged in negotiating bi-lateral trade deals with all its major trading partners to the point where trading by default WTO rules will apply only to a diminishing residual share of total EU external trade. The WTO is effectively a moribund organisation which has not been able to conclude a successful trade round in many years. There is nothing to prevent the EU27 withdrawing from the WTO and applying punitive tariffs to the UK if it deems the UK to have been in dereliction of payment of debts rightfully due.
Remember, a no deal Brexit implies leaving on very bad terms indeed, and the EU27 will be under no obligation to make life easy for the UK even if Ireland, in particular, is caught in the cross-fire. The one thing the EU cannot allow happen is for the UK to be seen to "have cake and eat it" outside of all the other obligations EU members have to observe. Other ways can be found to compensate Ireland and specific industries most effected.
Index of Frank's Diaries
by gmoke - Aug 7 16 comments
by Oui - Aug 9 6 comments
by Frank Schnittger - Aug 3 53 comments
by Frank Schnittger - Jul 27 81 comments
by IdiotSavant - Jul 20 18 comments
by Frank Schnittger - Jul 25 43 comments
by Oui - Jul 26 10 comments
by Frank Schnittger - Jul 17 36 comments
by Oui - Aug 12
by Oui - Aug 114 comments
by Oui - Aug 10
by Oui - Aug 96 comments
by gmoke - Aug 716 comments
by Oui - Aug 3
by Frank Schnittger - Aug 353 comments
by Oui - Jul 3111 comments
by Oui - Jul 311 comment
by Cat - Jul 292 comments
by Frank Schnittger - Jul 2781 comments
by Oui - Jul 2610 comments
by Frank Schnittger - Jul 2543 comments
by Oui - Jul 232 comments
by Bernard - Jul 2234 comments
by Oui - Jul 226 comments
by Frank Schnittger - Jul 2116 comments
by Oui - Jul 2017 comments
by IdiotSavant - Jul 2018 comments