Withdrawal from the EU would nullify Britain’s trading treaties with the world in one stroke and reduce the country to a supplicant pleading for re-entry into the global system, a top panel of experts has warned.
Britain negotiates trade treaties through the EU, and would not inherit these after leaving. The UK would have to negotiate fresh bilateral trade deals with China, Japan, Brazil, Russia or the US, without the leverage of a trading superpower. Britain’s diplomatic resources would be stretched to breaking point trying to handle so many complex cases at once, the report said.
We would simply declare unilateral free trade and there’s not much difficult about that.
This is of course the usual suspects spreading FUD. But worse they’re the usual suspects who still have not understood the point of trade. It’s the imports we want, they’re the benefit of it all. Other people don’t want to buy our stuff? Or want to charge their citizens for the privilege? So damn what. Why should we tax ourselves for buying what we wish from the world’s cornucopia?