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Simple really. The negotiations do not start until after Brexit has happened, so the starting point is not the benefits the UK had as a member, but the UK as a third party with no ongoing agreement with the EU beyond the Transition period. It is unclear whether UK WTO schedules will be accepted by other WTO members without formal agreements being struck, and President Trump has already demonstrated that WTO Treaties don't really apply to the more powerful party in a trading relationship in any case. I would be nervous relying solely on "WTO rules" at the present time and they are not especially helpful to the UK in any case, with 80% of the UK economy being made up of services.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Nov 15th, 2019 at 07:04:33 PM EST
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