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Tag Archives: frictionless trade

Frictionless trade is not the same as free trade

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Many people, including politicians and journalists, don’t understand the difference between ‘free trade’ and ‘frictionless trade’. This has caused a huge misunderstanding across the country, leading to the mess we are now in. In summary, ‘free trade’ means that goods (sometimes only some goods) can be exported and imported between countries without tariffs – hence […]

Free trade isn’t the same as frictionless trade

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The EU and Japan have just signed an unprecedented free trade agreement which will create one of the world’s largest trading blocs. The EU-Japan Economic Partnership Agreement (EPA) is the largest trade deal ever negotiated by the EU. It will create a trade zone covering 600 million people and nearly a third of global GDP. It […]

Don’t panic, says Theresa May

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Our Prime Minister, Theresa May, has urged the public not to be “worried” by her government’s plans to stockpile food and medicine to prepare for a no-deal Brexit. She is taking us all for fools. Gary Lineker got it right when he responded: “A wealthy nation putting itself in a position where it has to stockpile […]

Pie in the sky Brexit

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This week Prime Minister, Theresa May, told the House of Commons Liaison Committee that the UK could have frictionless trade with the EU, without being in the Single Market or the EU customs union. SNP MP, Angus Brendan MacNeil, told the Prime Minister that her plans were “pie in the sky”. Not only is he […]

Britain needs the EU Single Market – article and video

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More of Britain’s exports and imports go to and come from the EU Single Market than any other area in the world. It’s our most important, most lucrative, most vital international market for transacting business, upon which our country’s wealth depends. Nearly half of our exports go to the EU Single Market, and just over […]

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