1. It surprises me that on the whole pro Europeans on Twitter view themselves as pragmatists, who rely on evidence to form their opinion.
In fact a long running joke in our 'group' is that Brexit will be a roaring success, if we all just believe hard it will be a roaring success.

There are a lot of Brexiters in the media this week making points about sovereignty, and about how the EU has not come to terms with the UK's independence.

I have some questions, which it might well be fruitful to ask them. 1/9

1. How do you understand the concept of sovereignty? What are the circumstances in which you might agree to make binding commitments to other independent states or trading blocs? 2/

2. What sort of commitments are you prepared to make in order to get trade deals with other states/blocs? And, to what end (why not trade on Australian-style terms with the wider world)? 3/

3. Do you accept that the EU has the right to impose its own rules as a condition for access to its market? Given the UK's involvement in the single market, and in the creation of its regulatory infrastructure, this feature should not come as a surprise. 4/

4. Do you accept that there is a need for borders (which were not needed while the UK was part of the single market) between states/blocs with different regulatory regimes? 5/

FELIXSTOWE, England (Reuters) -

In just one month of post-Brexit trading, British logistics expert Jon Swallow has seen exports dive, prices rise and customers so desperate that he is practically offering a counselling service.

Swallow is one of thousands of freight forwarders and customs brokers based around Britain’s biggest ports who have described the overnight introduction of a full customs border as akin to the country placing economic sanctions on itself.

Britain’s New Year’s Eve departure from the European Union’s orbit after 47 years of membership means exporters must now provide customs and safety declarations, health checks and rules of origin details to trade with its biggest partner.

We are now at a disadvantage to people trading within the EU,” Swallow, a co-director of Jordon Freight, told Reuters in his office next to the vast cranes that tower over Felixstowe docks, Britain’s biggest container port, on the south east coast of England.

“We’re a very fast-paced business, but now we’re just like walking through mud. There’s just paperwork everywhere.”
Those companies that trade goods between Britain and the bloc are paying a price, particularly small firms.

Ok, here's my first bash at how I think UK-EU fisheries will be managed in future now we have the agreement

It’s quite complicated in parts, so would appreciate any corrections…

@StevePeers @BD_Stew @AntonSpisak (& others)

1) QUOTAS: For the next 5.5 years (until end-June 2026), each side’s quotas are set out in the agreement

This amounts to a 25% value reduction for the EU gradually over this period

2) These quotas shares set a new baseline for 2026, but they will be up for negotiation from thereon

3) CATCH LEVELS: However, they will still both need to negotiate overall allowed catch levels for each year, starting in 2021

By 31 Jan, a schedule must be agreed for talks, culminating in final agreement by 10 December (this fits in with the internal EU fisheries negotiation)

4) PROVISIONAL ACCESS: If there’s no agreement by 20 December, each side will apply a provisional allowable catch level for 1 January, defined by the International Council for the Exploration of the Sea based on scientific recommendations

1/ Lots of good analysis out there on why the EU-China CAI is a bad decision in the context of Xinjiang, transatlantic partnerships, etc. But I also think that even the trade/econ benefits of the CAI look quite limited. Thread:

2/ It highlights, as a win, that China’s preservation of existing liberalizations. That’s positive, but not really a big problem; the bigger issue is stagnation, where reform pledges have failed to materialize after years/decades of promises. Great example is in the FDI openings,

3/ which are highlighted to include cloud, auto, fin services etc—all areas of EU/MNC interest. Thing is, these openings aren’t new. China has begun opening auto/finance since 2018/19, while the 50% cap on cloud services has remained unchanged since 2015 (or before if we consider

4/ WTO ascension commitments vs the 2015 Telecom Catalogue, but that’s for another day). So these are existing openings that are repackaged as “wins.” More critical issue beyond FDI caps is around licensing issuance, which still big problem. Arguably some more significance in

5/ R&D and health? Not an expert, but the FDI conditions (eg hospitals only in certain cities) are limiting, while R&D could be complicated by data/info controls. It’s also unclear how existing tech transfer prohibitions exceed existing protections in the foreign investment law,

I am in the market for positive, optimistic articles about Brexit - it may not be how I’m feeling but I’m sure I’ve missed things + want to avoid confirmation bias so I’m opening my mind, + this seemed like a good place to

Elliott argues that ‘the UK has deep, structural economic problems’ - true, but correlation is not causation: we look in vain for an argument that these problems are caused by EU membership and/or that membership is preventing them being tackled

The argument would be stronger if Elliott could show that other countries in the EU faced similar structural problems, but he doesn’t + I don’t think he could - the EU manages to incorporate a wide range of economic models, + regional inequalities vary hugely between EU countries

He does not attempt to acknowledge + explain the boom in inward investment in UK manufacturing in the last few decades, one of the few economic positives for ‘left behind areas’, though that may have been hard without referring to single market membership + European supply chains

‘Brexit means that those farmers who want their fruit harvested will now have to...pay higher wages or invest in new machinery.’ Maybe they will (but I’m not convinced) but this would have unintended consequences eg higher prices for healthy food