Home Latest News Rush to sign trade deals risks political backlash, Britain warns – Politico

Rush to sign trade deals risks political backlash, Britain warns – Politico

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LONDON – Britain is trying to negotiate trade deals after Brexit, which typically takes less than 12 months – and businesses and unions worry it is setting itself up for decline.

Last year Britain rushed to keep its trade ties, having struck more than 63 deals, which it already side as a member of the European Union. It is now in a “sprint” to strike an agreement with Australia ahead of the G7 summit in June. conversations on that started less than a year first.

At the same time, the UK is “intensifying” talks with New Zealand and preparing to join the 11-nation trade bloc later this year, in talks with India and several others.

Companies, labor groups and experts are watching with a mixture of skepticism and concern at the pace of negotiations and the number of deals underway. He says deals need to be negotiated carefully so that they stand the test of time and don’t come back to bite Britain.

“There is now more than a sign of desperation in the form of Boris” [Johnson] And his ambitious business secretary Liz Truss scrambles to demonstrate that there is a post-Brexit dividend,” Mike Rann, former Australia High Commissioner to the UK, told Politico.

Rann said Britain is still “struggling with post-Brexit terms” by Johnson in his EU exit deal, and warned that “farmers and unions want more than a trap of substance in new trade deals”. Huh.”

Ad-hoc or diluted consultations on EU deals, and fact bodies to scrutinize new trade deals, have either not been set up or are not allowed to see the full text, those Politico said.

‘take your time’

In the past week alone, farmers across Britain have warned the provisions of Britain’s much-anticipated agreement with Australia would set a precedent for other negotiations that could wreck their industry in the long run.

Striking the right balance in trade is essential, these groups argue, to avoid a political backlash down the road. But it’s hard to strike a balance when you’re in a hurry.

“From our point of view, it’s your time to fix it,” said a senior member of the UK business community. Like the upcoming reforms in the WTO, he explained, “you’re not going to do it twice.”

It is necessary, he said, that the UK “do not rush into negotiations” and “therefore greatly weaken our negotiating position.” He called Truss’s plan to reach an in-principle agreement with Australia “an ambitious deadline” ahead of the G7 summit in June.

Similar deals typically take at least two years or longer. Another senior business leader said there is a major concern among British businesses that Britain is trying to do these trade deals “because of the political importance of making trade deals.”

It is “unhelpful”, he said, that the government continues with the deadline for talks. In January, a truss aide told the sun A deal with New Zealand will be done by Easter. A lot of time has passed since that date. To get business deals on the line, the person said, “are more likely to lead to bad deals than good ones.”

Negotiations are about to begin to join the 11-nation Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), in addition to Australia and New Zealand. If that wasn’t enough, the trade department launched a public consultation on Tuesday for talks with India this fall. Negotiations for new deals with Canada and Mexico (the two CPTPP countries) also begin this year, and Agreement with the six-nation bloc “in” the Middle East line pipeAn agreement has been reached with Israel and plans are underway for South America.

Businesses are eyeing “the only large number of business deals going on at the moment”, the first business leader said, noting the agenda is already “a lot of work”. Part of his hesitation is about potential, he said, adding that “a lot of resources have shifted toward looking at India” and making a trade deal there.

Public consultation is also key to making balanced deals backed by voters, argue both trade groups and organized labor. Rosa Crawford, trade policy officer for the Trades Union Congress (TUC), said the speed at which the government is negotiating “when it doesn’t have the “machinery to consult” means they are going to ram these deals. are through.”

“What’s driving this early?” Crawford asks. “It seems like it’s for symbolism” to get a deal outside the EU, she said, adding, “Is it worth it? Or are there any downsides to having it?”

He argues that consultations with trade unions, employers and other civil society groups should be extensive in order to make the right compromises. The hasty negotiations, he said, mean Britain has “little time to use its advantage to insist on respect for human rights or labor rights.”

A spokesman for the Department of International Trade said that “as the International Trade Secretary has clearly stated, we will not sacrifice quality for speed” and stressed that any deal would be “fair and balanced, between producers and consumers.” will work for and in the best interest of the whole of Britain.

Trump’s warning

Experts say if the deals don’t strike a balance, there could be a political upheaval. The alleged failure of trade agreements to benefit workers was an important message Donald Trump used in his 2016 US election campaign. A review of Trump’s public statements from January 2016 until his election on November 8 shows that he referred to NAFTA at least 531 times, calling it “Worst economic deal in the history of our country“Which either destroyed jobs or sent them abroad. He called the Trans-Pacific Partnership “a disasterand warned that he would do the same—eventually scrapping the deal during his first days in office.

Chris Southworth, Secretary General of the International Chamber of Commerce UK, said Trump was able to take advantage of the public backlash to block the TPP deal. “The reaction of British farmers against the deal with Australia is a prime example of what it looks like in practice when you don’t get it right,” Southworth said.

Southworth argued that if British farmers and fishermen are sacrificed without stronger governance, consultations and greater transparency around deals, “all that does is harm everyone and creates more division and anger. ” “It’s really unhelpful when you’re trying to make deals,” he said, “because people remember it and when the next deal comes it will be doubly hard.” He added that other countries are also looking and hoping for the same market access.

Southworth warned that the Trade Department’s current consulting forums mean “no one is seeing any significant text in the trade negotiation draft,” putting trade and other groups “at a significant disadvantage compared to competitors who are watching.” Huh [the] text. “

The government argues that its investigative system for deals is as strong, transparent and robust as that of other parliamentary democracies. It argues that it did an adequate economic assessment of its deal with Australia and set its negotiating objectives before the talks.

“British business wants a good, long-term trade deal, not one that just looks good on the day of a fanatical ‘Britain is back’ announcement,” said former Australian High Commissioner Rann. The government’s “desperate rush” to agree a deal, he said, “must accelerate trade for the fine print, or even better, to see that fine print before a deal is signed.”

this is part of the article politicalKey Premium Policy Service Pro Trade. From the transatlantic trade wars to the UK’s future trading ties with the EU and the rest of the world, Pro Trade gives you the insight you need to plan your next move. E-mail [email protected] for a complimentary test.

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Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of knews.uk and knews.uk does not assume any responsibility or liability for the same.

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