Not the easiest to follow, but for those interested in the big picture of trade relations between US, EU and China this exchange between @alanbeattie and @IanaDreyer is an essential read. Real debate on key issues, and good points on both sides.
V good points but overall I stick with the conclusion that this is a v risky deal.
— Alan Beattie (@alanbeattie) January 5, 2021
1. It\u2019s overstating it to say that COM now has final say over investment. FDI screening remains a MS competency. COM has had to take a v secondary supporting role over Huawei and 5G.
1/n https://t.co/RVg2jnoFgK
Blistering stuff from @noahbarkin on EU-China deal - a must read https://t.co/92a6rxBRtU pic.twitter.com/VHRtEiOiTy
— Finbarr Bermingham (@fbermingham) January 5, 2021
I disagree with the assertion, and I ask myself against what benchmark the EU is measured here. The EU\u2019s 2019 China Communication sets out a comprehensive strategy that treats China simultaneously as a negotiating partner, an ec competitor and a systemic rival. 1/5 https://t.co/xN1XRQlK1m
— Sabine Weyand (@WeyandSabine) January 5, 2021
More from David Henig
Michael Gove: "Outside the EU, with a good trade deal in place, we can tackle the injustices and inequalities that have held Britain back."
— Jennifer Rankin (@JenniferMerode) December 26, 2020
The UK did not need to leave the EU to tackle injustices and inequalities at home. Not a new point, but true.https://t.co/fE4glUAylc
There has never been level playing field content like this in a trade deal. The idea it is any kind of UK win, when the UK's opening position was no enforceable commitments whatsoever, is ridiculous.
For the lawyers. Night. pic.twitter.com/5XvFMhcaeE
— Sam Lowe (@SamuelMarcLowe) December 25, 2020
The EU can take retaliatory action against the UK if we weaken labour standards, weaken pretty firm climate change targets, unfairly subsidise, or just in general seem to be out of line. There are processes to follow, but it looks like the PM did it again...
Final one for now. Quite how Labour gets itself in such a fuss about whether to support a deal with the strongest labour and environment commitments ever seen in a trade deal is a sign of just how far it hasn't moved on from leaving.
PS well... (sorry DAG). It certainly didn't have a good effect. And I think if we had settled LPF issues with the EU much earlier there is a good chance the conditions would have been far less stringent. By making an issue, we made it much worse.
As a lay person is it fair to say that the \u201cthreat\u201d to break international law in Ireland was possibly a strategic blunder that has now determined the future trajectory of the UK for the next 20 years? I can imagine most countries will study what\u2019s baked into this and replicate?
— Meister 1 (@blueelmacho) December 26, 2020
UK cabinet to back Johnson over no-deal Brexit - The Times https://t.co/uCuOTsNdJL pic.twitter.com/88x5Tw2g53
— Reuters (@Reuters) December 6, 2020
Project fear and the red wall. The first meaning that every serious threat, such as that of Nissan that their plant will be unsustainable, is dismissed with little discussion. The red wall, apparently so angry with Labour about the EU they are afraid to have a position. 2/
Because 'sovereignty' apparently. But a particularly nefarious form of sovereignty in which the normal kind of things you discuss in a Free Trade Agreement - shared rules, access to waters - become when discussed with the EU unacceptable infringements and threats. 3/
You note in the UK we aren't having a discussion on what level playing field rules or access to fishing waters might be acceptable. Or normal. Or even what we might want, like shared increased commitments on climate change. No, all rumours. Evil EU. Worse French. 4/
Those who follow closely see incredible briefings in the papers, like today claiming the EU demand for raising minimum shared standards was only raised on Thursday, treated as fact. This was known months ago. But the media too often just reports the spin as fact. 5/
More from Economy
No.
"We also find no evidence of disemployment when we consider higher levels of minimum wages."
https://t.co/vlgagEHeyy
Minimum wage increases reduce crime.
https://t.co/1G1clXqF9t
When you increase the minimum wage, you decrease infant mortality among poor families.
https://t.co/iwW1FDsLYG
Increasing the minimum wage improves kids' health.
https://t.co/66DLHERpOJ
The minimum wage reduces racial income inequality.
https://t.co/wkn9Ajotlx