Leaving the Protectionist Union’s 12,651 Barriers to World Trade

The EU’s Common External Tariff comprises 12,651 different taxes and quotas imposed on goods from the rest of the world. This is what the Customs Union amounts to, a protectionist barrier to free trade with the 162 countries outside the EU. Don’t fall for the hype that it reduces trade barriers.

Garlic has a 200% external tariff to protect French farmers, tariffs double the price of sugar cane imported by Tate & Lyle from outside Europe. The policy was designed by the EU to boost beet sugar producers in 19 EU countries – at the expense of companies like Tate & Lyle who use cane sugar instead. Some US jeans face a 26% tariff, shoes face 17% tariffs to protect Italian cobblers. Some agricultural products, e.g. beef and dairy, have very substantial tariff rates, 54 dairy products alone have tariff rates of more than 75%. Just a few examples out of thousands showing how British consumers’ best interests are sacrificed to protect European producers from global competition…

Regional deals tend to divert trade rather than create it. Although they do lower some barriers, most do nothing to tackle the highest tariffs and each deal tends to enshrine the preferences of its largest members, making it harder to bring regional blocks together within a cohesive set of globally liberalised rules. The EU’s Customs Union only liberalises internal trade within the EU. Free trade will allow us to import raw materials from outside the EU at lower cost and without the tariffs designed to prop up inefficient European industries and high cost agriculture. The single market is really an internal market for 10% of the world’s population, the global market is a much bigger opportunity to be seized…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

IDS responds to Juncker’s pints analogy earlier:

“Mr Juncker knows a little bit more about the bar than perhaps many of us do.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Sunday Show Highlights Sunday Show Highlights
Juncker: Thanks For Saving Us in The War, Now You Must Pay Juncker: Thanks For Saving Us in The War, Now You Must Pay
74% Say No Deal Better Than A Bad Deal 74% Say No Deal Better Than A Bad Deal
Boris and Gove Back PM Statement Boris and Gove Back PM Statement
All Labour’s Different Brexit Positions All Labour’s Different Brexit Positions
Stanley Johnson Backs Brexit Stanley Johnson Backs Brexit
Former Brexit Minister: Government Must Publish No Deal Plan Former Brexit Minister: Government Must Publish No Deal Plan
Tory Leadership Polling Tory Leadership Polling
Labour to Ignore Brexit at Conference Labour to Ignore Brexit at Conference
Civil Service ‘Not Really Preparing’ For No Deal Civil Service ‘Not Really Preparing’ For No Deal
Red Robbins: May’s Brexit Supremo is Soviet Sympathiser Red Robbins: May’s Brexit Supremo is Soviet Sympathiser
May Talks Down CETA Plus Option May Talks Down CETA Plus Option
DEx-ODUS Continues DEx-ODUS Continues
EU Berets at LibDem Conference EU Berets at LibDem Conference
Cabinet Brexit Split: Where They Stand Cabinet Brexit Split: Where They Stand
Gardiner: Watson Not Up To Explaining Single Market Late at Night Gardiner: Watson Not Up To Explaining Single Market Late at Night
Boris Article Wasn’t Wrong About £350 Million Boris Article Wasn’t Wrong About £350 Million
Rudd: I Don’t Want Boris Managing Brexit Rudd: I Don’t Want Boris Managing Brexit
Dyson: No Deal Brexit Won’t Hurt UK Dyson: No Deal Brexit Won’t Hurt UK
Watch: New No 10 “Road to Brexit” Social Media Strategy Watch: New No 10 “Road to Brexit” Social Media Strategy