I'm a buyer for a large wholesaler and distributor. The glaringly obvious reason I do direct trade with e.g. Germany over New Zealand is the huge discrepancy in time/cost of haulage.
I'm not going to suddenly start buying/selling coffee from one of the countries in this deal when, even with all the extra red tape and costs when trading with the EU post-Brexit, it would still work out cheaper and vastly quicker to buy from/sell to the EU.
No but they signed a free trade deal with the EU. At the same time as ours.
So this is def not a benefit of Brexit. As we would have had the same deal if we remained. NZ just now has 26+ more nations than the UK to trade freely with.
7 Comments
Lazylazycat@lemmy.world · 12 pts · 3y
I'm a buyer for a large wholesaler and distributor. The glaringly obvious reason I do direct trade with e.g. Germany over New Zealand is the huge discrepancy in time/cost of haulage.
I'm not going to suddenly start buying/selling coffee from one of the countries in this deal when, even with all the extra red tape and costs when trading with the EU post-Brexit, it would still work out cheaper and vastly quicker to buy from/sell to the EU.
tenebrisnox@feddit.uk · 6 pts · 3y
But... but... but... sOvErEiGnTy... surely countries across the world are queuing up to trade with us and willing to pay for the haulage?
Emperor@feddit.uk · 5 pts · 3y
But... but... but... TAkInG bAcK cOnTrOl...
guriinii@lemmy.world · 5 pts · 3y
Haha, oh man they're idiots. I wonder if New Zealand ever considered joining the EU?
HumanPenguin@feddit.uk · 4 pts · 3y
No but they signed a free trade deal with the EU. At the same time as ours.
So this is def not a benefit of Brexit. As we would have had the same deal if we remained. NZ just now has 26+ more nations than the UK to trade freely with.
david@feddit.uk · 1 pts · 3y
The downsides are the ability for companies to sue countries for passing legislation that reduces profits.
NuPNuA@lemm.ee · 1 pts · 3y
Should we really be justifying international trade deals in the same way people justify their Gym membership?