Wednesday, 7 October 2015

Letter of the day

Below is a letter to the editor of CapX published on the 6th October which is full of insight. There is life outside the EU if we are just confident enough to seize it and not be stifled by the EU:

    "Declan Ganley paints a rosy, predictable and overworn picture of major economies all rushing to engage in trade deals with the EU’s 500 million people. He must come and visit us on the European Parliament’s International Trade committee to see the reality: I am trying to push the EU-India Free Trade Agreement which has stalled yet again after 8 years negotiating. No trade deal with China has even started, only an investment deal – and excessive EU human rights and sustainable development clauses would make an FTA a non-starter. China and India are on record saying they prefer bilateral deals – that’s why George Osborne was in China. In reality, if UK left the EU under World Trade Organisation (WTO) rules it would be guaranteed a Most Favoured Nation WTO deal already enjoyed by Japan, China, India, the USA (now), Canada (now) and Australia. Dan Hannan has it right."

    David Campbell Bannerman (MEP), Norwich, UK

He makes some good points not to mention the fact that contrives from Iceland to Australia have managed to make major trade deals without the help of EU vested interests. Let's not also forget Britain is the 5th largest economy in the world. It's worth trading with us.


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