Hmm, so how do you explain Chile's recent trade deal with the UK. Maybe Argentina and Spain forgot to talk to them!
Would that be the one where we export £571 million in exports to Chile and they export £718 million in imports to us...?
Wow, that's setting the world on fire. And besides that, in the EU we already had a trade deal with Chile that was worth more in exports than imports.
Yep.... old Liam "Air Miles" Fox really set up a good 'un there.
to put things another way, in the EU Britain had £117 billion in trade arrangements with the countries that we are currently attempting to set up trade deals with. So far only £16 billion of that has been secured. So, we're £101 billion down before we start..!! Nice one, Liam.
Another great deal that good old "Air Miles" has secured is with the Faroe Islands. We export £16 million to them and import £229 million from them. Whoopee...!!
Before the Referendum, David Davis (former DExEU Minister) promised " There will be 40 ready to sign trade deals in our back pocket when they haul the Union Flag down in Brussels
So far, only 7 of the 69 countries we had automatic deals with in the EU are agreed (the other 5 are Mauritius, Madagascar, Zimbabwe, The Seychelles and Switzerland). In all those cases, we will import more than we export. They're getting the better half of the deal..!! .
And that doesn't include the 27 EU member states who it is becoming more and more likely by the day if Britain leaves the EU without a departure agreement (the "No Deal" scenario) we will have to conduct individual talks with after Brexit. That means having to conduct 27 sets of individual negotiations with 27 individual countries because we will have reneged on the divorce bill and the Irish backstop.
The Irish border question will STILL not have gone away.
I suggest you read the piece I've linked to by Bonnie Greer about how much trouble we could be stirring up with the US over Ireland. I'm hoping the Americans on here will have something to say about that because if Brexit with No Deal is bad, then it's going to be worse if we upset the Americans too.
Culled from The Guardian 13 Feb 2019
Only £16bn of the UK's £117bn trade deals have been secured post-Brexit
Country UK Goods exports, £m % of UK goods exports UK Goods imports, £m % of UK goods imports Post-brexit trade agreement?
Chile 571 0.2% 718 0.2% Yes
Trade Deals - If You Can Call Them That.
Now, I've indulged you enough for today. I have to get to pick my daughter up from school...... that's a place where you go to learn things, such as, oh, for instance.... what "analogy" means.