There are a lot of laws and policies to be ironed out I guess, I suppose it took a while for all those things to be put together when we joined so it will take a while for them all to be dismantled.
Because the EU is dragging it out as long as possible to try to force England to remain.
Because that’s the law; Article 50 specifically states 2 years.
The main purpose is to give some measure of protection to both sides, in that it gives a time period for terms of the new relationship between the EU and the country leaving to be negotiated; terms that can be very complicated.
The two year period is more important for the country leaving in that the only trade agreement it has is with the EU and through the EU, and all those existing Trade Agreements with the country leaving the EU ceases to exist after the two year period.
So if in those two years the country leaving hasn’t completed negotiating new Trade Agreements with the EU and other countries outside of the EU then at best it’s stuck with WTO (World Trading Organisation) rules e.g. 10% tariffs. This invariably means it’s more expensive to import and export; pushing up prices at home coupled with making that country less competitive aboard, invariably leading to fewer jobs.
The question should be whether the two years is long enough because trade agreements notoriously take years to negotiate; normally a rushed trade deal is usually a bad deal that disadvantages the weaker nation.
by rhamson 2 years ago
With a huge turnout and in the wake of a controversial killing of a MP the UK people voted to leave the EU. Many cited the control of its' borders as the main reason. A handful of other members are also considering a similar direction. Can the US learn anything from this or are we just terminally...
by Ralph Schwartz 2 months ago
The President announced today that America will levy tariffs on steel and aluminum to the EU, Mexico, and Canada tonight - retaliatory measures are already being drafted against the country and the stock market is tenuous at best. Commerce Secretary Wilbur Ross said trade talks with the...
by Jack Lee 2 years ago
Why did the US stock market collapse when the UK decides to leave the EU?For those who are financial savvy, can you explain why our stock market dropped 600 points when the UK voted to leave the EU?I was under the impression that the EU was formed to strength the European nations in trade with the...
by yellowstone8750 6 years ago
This country is supposed to allow dissent, but it seems the Right always says "love it or leave it.'" What does this show? Those of you that are conservatives, and use this phrase, is it not a little closed minded? I am told this all the time on the Hub Pages because I am a member...
by Laurel Rogers 7 years ago
Oh boy...that's all I can say at the moment-have you ever felt the same sort of thing?
by albertovich 16 months ago
If your teen is 18 years old and wants to leave home can you legally stop him?I still have this issue going on... I hope its a momentary laps of reason on his behalf.
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