The absolute clarity of the legal/constitutional position, combined with the UK’s status as the remaining EU’s biggest single customer worldwide, with which the EU enjoys its biggest trade surplus anywhere, mean that, post-withdrawal, the remaining EU and the UK will ensure that trade between them will continue to be free of customs duties (tariffs) and non-tariff-barriers. The EU [...]
The overall real average rate of duty on imports of goods from outside the UK shrank by 26% between 2002 & 2011. The average rate of duty on imports of industrial goods, and on imports of agricultural & fish products, shrank between 2002 & 2010. · Seventy-five per cent by value of all UK imports of goods [...]
Cumulatively, over the last six years, the UK trade surplus with the world outside the EU was £ 21 bn. Over the same period, the UK deficit on trade with EU-26 was £190bn. The UK traded in deficit with nineteen of its twenty-six EU partners in 2011. Between 2008, when recession took hold, & 2011, UK exports [...]
The Eurozone is a single currency area which may be moving towards full political & economic union. Considered as a single trading bloc, more than two-thirds of its external trade with the world is with non-EU countries The Eurozone’s biggest single customer worldwide, both for All Trade (Goods, Services, Income, Transfers) and for Trade in Goods only, is [...]
Germany’s trade surplus with the world outside the EU was bigger proportionately than her trade surplus with EU countries The Size & Make-Up of German Exports In 2011, measured by the aggregate value of exports of Goods, Services &(receipts of) Income, German exports were € 1501 billion – more than double the value of all categories of [...]
