BC BREXIT
Saved by @CodyyyGardner

Been waiting for 👇 🚨

Important story on what a “tariff-free” deal means in practice and why it’s not enough for two economies as closely integrated.

Tariffs are removed on goods that meet rules of origin. This is a complex and nuanced area of customs.

/1

 Important to remember that trade deals (FTAs) weren't designed with such a high degree of economic integration in mind.

So some of the standard RoO provisions will seem incredibly restrictive under the UK-EU deal.

/2
Minimal operations or insufficient processing is a standard part of an FTA. Most, if not all FTAs, include a provision on minimal processing – processing not considered sufficient to confer originating status even if rules of origin have been met.

/3
It is standard procedure not to apply cumulation when goods have only been subject to minimal processing.

To be able to cumulate origin and consider the final product of UK origin, the processing carried out in the UK needs to exceed minimal operations.

/4
The level of integration between the UK and the EU means that this will have significant consequences for a number of industries.

For example, in supply chains where goods are brought into the UK from the EU and reassembled, sorted or repackaged and re-exported to ROI.

/5
The @Foodanddrinkfed raised this issue and the impact it will have on UK food and drink businesses (same goes for a number of other industries)

Some practical examples of how it works were covered in a brilliant 🧵by @faisalislam 👇

/6

https://t.co/4chCLNW0l9
Again, important to remember that it's a common provision. Just not a common scenario because the goods don't normally go straight back to where they came from.

This is how it's usually used:

/7
Solution?

For goods that originate in the EU and meet the rules of origin on the way in, it would be quite simple.

The EU Commission already has a number of origin-related derogations. Some examples here 👇

/8

https://t.co/wDvdlDKKKc
But the question is whether or not the EU will have any incentive to do that...

This provision impacts the UK supply chains much more than EU ones...

/ends

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Many Brits live under the false impression that the UK has a Special Relationship with the US. In reality, it's far more transactional, especially for the Americans. This delusion is especially dangerous as post-Brexit UK seeks a new place in the world

While the two do have a very close relationship on security and defence built on post-war efforts, it would be foolhardy to expect any US president to place much emphasis on the UK's economic interests over any other third country

The problem Boris Johnson has is that a close relationship with the White House is more important than any time since the war, given the UK's new status outside the EU. What a headache, then, that the US is having an election with 2 v different candidates

On one hand: Trump likes Brexit, dislikes the EU and might see benefit in disrupting the EU by teaming up with the UK in a way that helps the UK economically. However, Trump is wildly unpopular in the UK and Boris does not want to be seen as his best mate

On the other: Brits are generally more pro-Democrat & more pro-America when a Dem is in the White House. However, Biden clearly does not support the UK's Brexit position, especially when it comes to Northern Ireland.
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VIADUCT
@viaduct_eu
As we continue to recap our work for the #VIADUCT_EU project over the years, take a look below at our thirteen VIADUCT Newsletters!

These are where we kept our network and you up to date of all our activities

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Our first newsletter kicked off the #VIADUCT_EU project with an editorial from our project leaders @FundaTekin17 of @IEP_Berlin and Wolfgang Wessels of @UniCologne

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"Arranging EU-Turkey cooperation in the era of transactional leadership" was the title of the @FIIA_fi Senior Research Fellow @ToniAlaranta's editorial in this #VIADUCT_EU Newsletter

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DK *deep waist bows+ap...
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1/7 My thoughts on what could happen within a decade after #Brexit with the formation of the #UnitedCelticNation as a new country:

2/7 After the #Brexit transition period ends on 31 Dec 2020, the Scottish Parliament will announce a new independent referendum (under a Section 30 order which the PM has to agree to - he won't - they will change their laws to enable them not to need his approval).

3/7 This new Scottish independent referendum will happen within the first 6/9 months of 2021 and result in the decision to leave the UK.

4/7 An application to rejoin the EU will happen immediately after the Scottish referendum result and within months the EU will accept Scotland back in (justified as 'the will of the people' plus how recent their exit was).

5/7 Within 3-5 years of #Brexit, Wales will also hold its own referendum on independence (fuelled by the decline in economy plus the example set by Scotland) and will also be successful. EU membership will also be sought and gained with an accelerated timescale within a year.
BREXIT
David Henig
David Henig
@DavidHenigUK
The first working day of the new UK-EU relationship. We're going to hear a lot this year from all sides (remain and Brexit in UK, EU, etc) using any possible scrap of evidence. But what we need to look for is trends, over time, so a few to think about in this thread... 1/

Obvious disruption or reduction to UK-EU trade flow. Here we may be thinking e.g. of a permanent 10% fall in traffic, or regular queues, or indeed no change. And apart from goods, the same with individual travel, for work, residence etc... 2/

As a reminder we're not expecting permanent scenes like those of the week before Christmas when borders were closed. But 5-10% reductions in UK-EU traffic would not seem to be out of line with economic forecasts of a hit to the UK economy. 3/

Then we'll need to look at whether UK-EU trade is being substituted by UK-non EU trade. This probably should happen to a degree, and in theory efficiencies could come this way. But its also possible that all UK trade falls, with the UK no longer an EU entry point. 4/

Inward investment is another key post-Brexit indicator. There isn't a single obvious data set here, but the impression of the last four years has been a fall off in manufacturing, but not in services, particularly tech. Continuation would suggest economy tilting to services. 5/
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Brexit also brings UK pork sector to standstill. Surprise eh? @RichardAENorth 🙄
UK pork processors are experiencing significant issues in exporting products to the EU, which has already brought part of the industry to a complete standstill, risking knock-on impacts on farm.


The widely seen footage of overzealous Dutch (*my edit: "no they were not"*) inspection officials confiscating ham sandwiches transported by British hauliers is just the tip of the iceberg as far as the UK pig sector is concerned.
The NPA’s processor members have reported that

excessive (*my edit: only for non-EU members*) bureaucracy associated with paperwork requirements are causing delays at Dover, Calais and other ports. With pork being a perishable product, these delays are making UK shipments unattractive to buyers in the EU, forcing processors

to reject shipments and cancel future orders.
Despite the trade deal agreed between the EU & UK just before Christmas, the UK’s formal departure from the EU Customs Union and Single Market was always going to mean additional checks, new labelling and certification requirements

and delays at ports. While the full overall impact of the new rules is yet to be felt, as UK export volumes remain lower than normal for the time of year, the UK pig sector is already feeling the effect. Processors have reported a number of issues, including:
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