Brexit: The UK's Seven Major New Trade Deals Explained (Are They Ready for Brexit?) - TLDR News

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UK-Japan Trade Deal: • The UK & Japan's New T...
One of the key arguments for Brexit was that it would allow the UK to forge its own trade deals. So with only a couple of weeks until the UK and EU properly part ways we look at the deals the UK's signed so far.
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1 - www.gov.uk/guidance/uk-trade-...
2 - www.gov.uk/guidance/summary-o...
3 - www.the-exporter.com/ne-UK-Co...
4 - www.gov.uk/government/news/un...
5 - www.gov.uk/government/news/uk...
6 - www.gov.uk/guidance/summary-o...
7 - • The UK & Japan's New T...
8 - www.euronews.com/2020/09/11/i...

[@buskergirl]

After all the hassle about fishing rights, the British fish&chips is made of imported fish...

[@ea4966]

Because of the common fisheries policy that sees the vast majority of Cod in UK waters signed away to other nations....

[@SonnyK248]

There has never been any hastle really. It's all been blown way out of proportion. Our fishing waters only make up 0.01% of our GDP. The government has turned it into such an important part of Brexit because it's so pointless the EU will probably let them have it and then they can laud it as a great victory for Brexit and the UK. And the sheep will all celebrate with them 👍👍👍

[@andrewtowell6074]

If it's so little and useless why are the EU spitting feathers over it 😂

[@nickbarton3191]

@@andrewtowell6074 the French. There a lot of French coastland communities relying on fishing.

[@owenfautley]

@@SonnyK248 Because it is important when it comes to the eez it is an extension of the country. Under international law it states that the country that the eez belongs to is owned and controlled by that country, but the EU wants the same access it has now where it takes the majority of the fish in UK seas and is based upon politics. The UK on the otherhand wants a deal like Iceland and Norway has with the EU where the quotas are negotiated each year based on science and fish population. (Would like to remind Yes please that Iceland and Norway are not in the EU) . This is a better way to do it because we will properly be able to manage fish stocks so they are not over fished and protect the protected areas, green peace found that a super trawler (which should all be banned they have nets a mile long) that was Dutch owned was caught fishing in a marine protected area they are also a threat to dolphin, porpoises, blue fin tuna and many other endangered marine species. This is why controlling our waters and fishing is so important, we must become more sustainable and protect our protected areas and species endangered by super trawlers.

[@iantharobot3288]

0:52 I recon the new channel is just called 'TLDR News Uncensored' and you are making a brexit themed onlyfans

[@fideispears]

With an explicit colouring book

[@tedcrilly46]

Blue collar workers getting done up the, by brexit.

[@JeanWayne]

If hope for TLDR News MUKGA xD

[@samcs1453]

Don't forget the pin badges.

[@BIZKIT551]

Will it be something like the channel China Uncensored but covering more countries?

[@tessjuel]

To put these deals into perspective, I haven't seen a single mention of the Norway/Iceland/UK deal in Norwegian media. There are bound to be a few newspaper notices on it but they're well and truly buried under a heap of more interesting stuff. That's how "important" this deal is to us Norwegians yet to the Brits it's the second biggest trade deal they've managed to secure.

[@will1603]

I wish we could forget all of our pomposity and try to be like Norway

[@staticgrass]

The main export from Norway to the UK is gas and there are currently limited options for Norway to export it elsewhere, although that will change. So the UK went into this with a win-WIN mentality. The UK keeps its heating and Norway keeps its Danegeld :)

[@ruud9761]

It's mostly just a "We can't be bothered, so lets just continue like you're still part of the EU." kind of deal. Most deals seem to be like this at the moment, even the Japanese one. I'd suspect countries will be waiting to see how things will go with the UK after the transition period to get a better look at the importance of said UK before even thinking about a more comprehensive deal. After all, if the UK will suffer those parties could use that in their advantage to establish a more comprehensive deal.

[@tessjuel]

@@ruud9761 Yes, that's exaclty the point. This isn't really big news. We all have more important issues to worry about at the moment so we just keep business as usual for now. There's not much more to it than that.

[@thewingedhussar4188]

@@ruud9761 Yes, again that still leave the UK in a bad spot. Because A they are still seen as part of the EU and to top that off that would mean they would expect the UK to still go by EU trade rules. This time though they can go to the EU if the UK does something they don't like. Not including the fact that it will take decades for another large scale trade deal to occur. An the UK needs those very same deals now/within a certain short term time frame.

[@skiteufr]

These deals are designed to assure a continuity of trade between the UK and these nations after the UK leave the Common Market. And you should know that in all trades negociated by the EU, there is a clause of alignment if the third country negociate better terms with another third country. So that the EU will never lose and always benefit from the better terms. It works like that when you are the richest trading bloc of the world. All others are your rule takers.

[@gianni7415]

Good point why the brexit argument was a stupid one.

[@Rh_879-]

I think you’ll find the US is the biggest economy in the world

[@gianni7415]

@@Rh_879- no it is not. The eu pass it a few years ago and the uk had only around 12% trade with it against over 50% with the EU. You know neighbours are closer to trade with

[@skiteufr]

@@Rh_879- no. The GDP of the EU is above the one of the US

[@DB-gh4nj]

@@skiteufr at least the numbers I found suggest, that the usa has a slightly higher gdp. However it really doesn't make large of a difference.

[@dylanhunt4303]

You forgot to mention that we will be losing all the deals we have now as part of the EU, come the 1st of January. Rather important one would think.

[@jonathanwetherell3609]

In essence the few deals we have are not better than we had. The remaining deals are all cancelled.

[@Nickle314]

I think we will get a deal with andora one of the 11 FTA the eu has got. Ditto gator islands Lichtenstein...

[@Soordhin]

@@Nickle314 The FTAs are just one part of it. The EU has around 790 trade agreements in total, many of them are "just" agreements of limited applicability and not full FTAs. For example, the EU has actually tariff and quota deals with the USA, which of course will not apply to the UK post brexit. Same with Australia, which actually has a lot more access to the EU for its financial sector than the UK will have.

[@Nickle314]

@@Soordhin 11FTAs

[@edsr164]

The prolific International Trade Department is in negotiations with several countries. Just wait and see.

[@zwojack7285]

lmao, big oof. "Lets leave the EU. We make our own thing by copying everything from the EU"

[@owenfautley]

You can't exactly make 28 brand new trade deals in under a year, most deals take 4 years plus to have a continuation of 28 in under a year is a massive achievement. Anyway most trade deals are the same but is just slightly different to fit that country. Think of trade deals as bridesmaid dresses, they all are the same but are tailored to fit each person with their more specific needs. The EU, Japnan deal is a one size fits all for the 27 members because they need to try to facilitate all of the different countries economic needs but they also miss out some key factors since they all have different economies but our deal, though cut from the same fabric is edited in a way that it fits us better and removes unneccicary fabric that is not needed.

[@owenfautley]

@Kira The Renegade Under article 51 of the European withdrawal act you cannot negotiate new or rollover agreements until you have excited the European union and are in the transition period. So since we entered the transitional period on the 31st of January this year, yes it has been under a year.

[@freeworld1875]

Without the negotiation leverage

[@owenfautley]

@Kira The Renegade We were always going into a transitional period between being in the EU then out, most continuation deals are just to continue trading as we were until a new deal is negotiated and agreed upon.

[@darrena5384]

These are just roll over agreements until we can negotiate better deals when we aren’t time constrained. You know this so stop pretending to be stipid

[@ricmac954]

Trading goods with Switzerland: Delivery wiil mean crossing EU land boundaries (with the consequential post-brexit customs hold-ups) or expensively flying them in through EU airspace, which might yet be problematic with no EU deal if the union decides to play hard ball.

[@v.sandrone4268]

Not hard ball just not preferential treatment within the EU.... just like any third country.

[@andrewtowell6074]

That's like saying they are going to tell the Spanish they are not going to let the British tourists fly in 😂 "they must go around"... What planet are you lot on

[@cravingtuna1561]

@@andrewtowell6074 you can't just casually fly over another nation's air space.

[@whattheflyingfuck...]

@@andrewtowell6074 don't you have tons of boats?

[@ricmac954]

@@andrewtowell6074 Um, no it's not.

[@ricmac954]

Trading with Japan: the EU has just negotiated a *better* deal with them., and one that ensures it will *always* be better. The for-now-UK deal favours Japan, which is why it was so swiftly concluded, and requires Britain's acceptance of more stringent regulation than it is currently prepared to accept from the EU.

[@paranoidrodent]

And that Japanese trade deal just set the benchmark that most other countries will be seeking from the UK.

[@kevinshmuk7237]

KZbin economists, oh dear

[@ricmac954]

@@kevinshmuk7237 Got anything better than your straw man?

[@kevinshmuk7237]

@@ricmac954 but the eu deal came before the uk deal and the details about it so far shows that they're pretty much the same, in fact, labour were using it for their anti brexit speech saying "what was the point when the deals will be exactly the same"

[@hfricke2661]

@@kevinshmuk7237 idont know it exactly, but the EU - JP deal includes quotas. When now UK has left the EUs single market acsess with ending tha transition phase, it can not take its part of the quota with it. And for Japan to give additional quota was rejected. So this might be a point where people with expertise should carefully look at. These deatls might decide the answer to the question, if the deal with Jp is an improofment or not (despite the fact , that the real use will contribute to that answer too)

[@lancemartin1087]

'Australian' flag used in the graphic is actually New Zealand's. Australian flag has white stars not red ones.

[@arildedvardbasmo490]

2016 UK demands: FREEDOM! 2020 UK begs: STATUS QUO

[@fegee8620]

I’d like whatever substance you’re on.

[@stevans77]

UK does not beg we wanted out and so will a lot more countries once they see it's possible EU is finished

[@arildedvardbasmo490]

@@stevans77 Haha well it seems like your (our? I live there) negotiators are begging at least

[@eezy251able]

The EU is begging. It's a sinking ship now.

[@frze5645]

As everybody will observe from the current negotiations... it is the EU that is doing all the begging... the EU wants Britain's fish... the EU wants the UK to adhere to a level playing field... it is the EU that wants the UK to come under its courts....and so on... all this WANTING is all coming from the EU. The UK's position is straight forward - if the EU wants access to OUR single market then we get access to their single market - a fair exchange - albeit the EU sell MORE into our market than we sell to the EU. What has become perfectly clear is that the EU needs the UK more than the UK needs the EU... if there is no free trade deal we simply have to pay tariffs (an average of 3%) an amount that will be less than the cost of paying a membership fee - so from the British perspective it is a win win situation. The big loser will be France - but hey... they can have our fish if we can have their grapes.

[@gianni7415]

So in short, they have nothing more then they already had. Maybe even less with japan.

[@hoguho3588]

You, my friend, have freedumb

[@ThaedDavid]

@@kevinh4869 except that we still haven't got a deal with the EU, which will inevitably consist of certain rules we have to follow. So after all this we will gain virtually nothing and lose a great deal.

[@iparipaitegianiparipaitegi4643]

@@kevinh4869. Not in British terms. It was negotiated by Brussels. London only copies and pastes.

[@darrena5384]

The deals are just roll overs because we’re in a hurry. The intention is to improve them when we have more time. Japan deal is better than the EU deal and will be improved further in 2020/21, especially if we join the CPTPP

[@sammyjay4324]

@@kevinh4869 Issue is a big political block has less wiggle room but more weight, basically it asks the question of will Britain actually get anything better then what they had when they no long have the additional economic power backing them up despite the higher level of control. The issue of saying it adds freedom and independence is that it doesn't remove the eu piece off the board, it just turns the British piece from moving with it to competing against it.

[@marconatrix]

I'm surprised we have so much trade with Norway and Iceland, seeing as how small and rural they are. Sounds a bit fishy to me, but maybe there's something I didn't catch? ...

[@superhans85]

This is a serious chanel and not the plaice for those sort of jokes

[@alicianieto2822]

Norway has a ton of gas and petrol, that is quite convenient.

[@superhans85]

@@alicianieto2822 we're actually making fish puns, but that's OK, we'll let you off the hook

[@zylnexxd842]

@@superhans85 lol I almost didn't catch that one

[@BernasLL]

It would've been interesting to list the impact of lost deals (to this point), quantity-wise.

[@LemonGingerHoney]

UK will export fish to Canada, Japan, New Zealand, USA. You know, those countries that clearly have no access to huge bodies of waters.

[@jackkamo5175]

Yes because all water contains an equal distribution of all types of fish doesnt it.

[@007JHS]

Other countries setting up trade arrangements with Britain is like shooting fish in a barrel... with Britain in the barrel rather than over it.

[@segen8531]

Kkkkkkk you nailed it .

[@altacc5356]

@@slipperywinston4076 A FTD with China will require give them a lot of access to UK market, visas, ignore rule of origin... what UK when was a member of EU was very aganist it, that is why UK made EU-India stop (rules of origin and visas).

[@ab-ym3bf]

Yes, plus they had the novel idea of selling more cheese to a lectose intolerant nation. Very innovative, them English.

[@vincentkuhlmann]

6:25 car exports worth 797 MILLION pounds a year, agrifood exports only worth 344 pounds a year. Ouch xD

[@KarthikeyanDuraivel]

must be lidl

[@raukoring]

Have you tried British food? 🤣 🤮

[@dittikke]

Well they're good at copypasta.

[@vincentkuhlmann]

@@dittikke Worth noticing that

[@koolaak2926]

797 million GBP a year of car exports ? Does that take into account how healthy the car manufacturing industry is once the car makers have left UK ?

[@alexaliaga2390]

Britain: 'We want new trade deals!' Reality: 'Copy and Paste EU Trade deals'. So much hassle for nothing it seems

[@rmsgrey]

In fairness, there's going to be a trade-off (if you'll excuse the pun) between actually new trade deals and fast trade deals. The first wave of deals was always going to be the ones that didn't need any negotiation because all the negotiation had already been done when we were part of the EU. Any genuinely new and different trade deals were always going to come out years down the line anyway. And, if we're completely honest, getting the same deal we had already as part of the EU is a pretty good result in itself, considering we automatically have less negotiating power as an economy a fraction the size of the one we were a part of. Any benefit from changing trade deals is going to come from making concessions that the EU didn't in exchange for gains the EU didn't get - if the concessions are things the UK doesn't care about so much, while the gains are things we do, then we'll manage to come out ahead overall despite our weaker position, but it'll still be a compromise overall.

[@accessthemainframe4475]

It's a start.

[@fernando7517]

They can't, they aren't so strong like the UE.

[@alexaliaga2390]

@@accessthemainframe4475 It'S a sTaRt. Jesus you really have no clue how the real world works, do you. The Uk is no longer a major power

[@alexaliaga2390]

@Pirate Booty if you knew how much the failed tory test and trace system costed, those £14 billion doesn't sound like a lot lol

[@sarank1809]

It was so nice of the EU to let us copy and paste their trade deals. Just shows how amazing our negotiators are. Bring on the new trade deals

[@dazzlerweb]

TLDR channels are spreading faster than Covid.

[@realhawaii5o]

9:10 Ah, yes, Canada.

[@xcab66]

Well spotted!

[@blikizz9355]

9:10 Canada has been invade South Korea 😂😂😂🤣🤣🤭

[@Alfonso88279]

Just imagine, renouncing to one of the biggest markets in the planet (the european union) to be SLIGHTLY closer to Africa or Singapore. I mean... ok. Good job everyone.

[@tbthegr81]

Well to be fair, Africa is growing quickly an' will be real big in a few decades. (Not that EU will ignore that growth)

[@Frahamen]

Not "one of the biggest markets in the planet". THE biggest market.

[@Alfonso88279]

@@Frahamen Really? Even better. Or worse, you get what I mean.

[@SaturnusDK]

@@tbthegr81 Which is why the EU trade agreement has with Sub-Saharan African nations include many more nations than the UK deal.

[@andrewtowell6074]

We are no longer a member state of European Union, we are now a nation-state democracy, of course we would have to negotiate low or free of tariffs in a comprehensive FTA. If that can't be negotiated on we will deal with countries and their tariffs as per the UK Global Tariff bill. We will still trade with them still, just with increased costs for both sides.

[@DenisHavlikVienna]

I foresee a following problem: deal with EFTA will depend on having a deal with EU. If UK stumbles out of EU without a deal and ends up having border checks and taxes for trade with EU, I don't see how Norway and Switzerland could avoid having to implement the same conditions. It would surprise me if their current continuation deals don't contain the "as long as this is in line with EU/Schengen rules" clause.

[@globalincident694]

The thing about trade deals is they don't do anything to get rid of border checks. If we (and by we I mean Johnson and friends) don't want to join the single market, then border checks are unavoidable with everyone. I don't get why you think reducing taxes will be a problem though.

[@DenisHavlikVienna]

@@globalincident694 well, to the best of my understanding, EFTA is basically EU+. They have such a comprehensive "free *" agreement with the EU that all the third parties wanting access EU market through a backdoor would already be doing it if this were possible. Especially Norway and Switzerland, they are even in Schengen... So, I admit that I don't know the details, but there must be some mechanisms in EU/EFTA agreement that effectively limits what these countries can offer to third parties.

[@TheMiguelarrifano]

the other thing is... Norway can skip this by boat , but switzerland it is bordered with only EU countries which means it will difficult the access to the transportation to "golden island". We all know that transportation by airplane it is bad for some products specially food

[@DenisHavlikVienna]

@@TheMiguelarrifano normally, there is a provision for "transit goods" , I don't think that this will be a problem. But again, it's IMO questionable to what level Switzerland is really an independent third party and to what level it should be considered a non voting member of the EU. Anything that could possibly just pass from UK through Switzerland and then end up in the EU will need to be meticulously monitored at a minimum. That's a lot of overhead...

[@kisaragi-hiu]

I'm calling TLDR AU. Mostly because I've been bingeing Honest Government Ads. (I think it'll be Australia, but a channel focusing on African Union would be nice as well)

[@addl7340]

friendlyjordies

[@willhogan8206]

my bet is tldr asia pacific, since australia isnt notable enough on our own, so chucking in NZ, Japan, RoK and maybe ASEAN would give it more the weight that tldr EU and US have (china and india would be way too dominating and definitely would need their own channel)

[@kuyaleinad4195]

@@willhogan8206 Don’t think TLDR china would make sense since KZbin isn’t even legal in China so any china news would be lumped into the Asia Pacific I think. India though is another question since they’re everywhere in this site 😂

[@alfayed8677]

9:11 there's a typo..the book should read EU-S.Korea not EU-Canada.

[@user-tl5ec2po1b]

Great work lately!

[@uhoh8115]

@@thelightsilent You are so brainwashed it is incredible.

[@NAYRUthunder99]

@@thelightsilent "The Queen will rise Propaganda The Queen will rise To last a thousand years!"

[@DaRkJ4ck]

Imagine using the Mac Logo to show "CTRL+C" 🤣🤣🤣

[@RichTeer]

It just shows the TL;DR News has excellent taste in the computers they use. :-)

[@jsward96]

CMD C

[@morganmcallister2001]

Don't worry. They also used New Zealand symbols to display UK-Australia at 0:21

[@spewter]

@@RichTeer Overpaying for computers? You must be silly or in the Rich Tier 🤣

[@RichTeer]

@@spewter OK, that pun on my name is a new one to me and actually funny! I wish I were in the Rich Tier! :-) I don't think Apple computers are necessarily overpriced: quality costs more than junk. And in my experience, Windows is junk. I still 10 year old Macs that can do useful work, even if they are a bit slow by today's standards.

[@Swiv2020]

I recommend that you do a similar video every 9 months so we can compare the progress over time!!!!

[@dexterhorsfield6386]

Bit of a geeky question, but what do you use to edit your videos? Thanks

[@judychurley6623]

But least they took control and made their own deals! But we all knew it was just an exercise in jingoism from the beginning.

[@segen8531]

Export is more better than import . look the Germans they have heavy industry and they export 80% but they import 20% . That's way after the collapse of ww2 in short time become in the world most influential and rich .So England also must do the same now.

[@deawinter]

I’ve been baffled since the beginning abt how the UK plans to negotiate better trade deal terms than the EU. Don’t they have far less leverAge now?

[@thomasjetzer2823]

Yes they do. To answer the question about what the plan was: "We used to rule the world two centuries ago and did such a golly splendid job of it that nations will fall over each other to cater to our every whim."

[@JohnSmith-bb1cl]

@Tag Nuts Can you give us examples of that a deal we have now against a deal we have that is signed and sealed ready for Jan 1st 2021

[@joshbentley2307]

The EU has enough leverage to get a good deal with anyone, but a good deal for one country might not be good for the others. For example the EU we’re going to get a trade deal with Brazil, but then they couldn’t because French farmers were upset because they wouldn’t be able to compete with people that actually work hard. This has happened repeatedly, as well as agreeing to subpar trade deals to keep everyone happy.

[@karstenschuhmann8334]

@@joshbentley2307 Well, Brazil is part of MERCOSUR. I thoughts we has signed a trade deal with them. Besides the economies of the members of the EU do not differ that much that a trade deal would be good for one country and bad for another country.

[@joshbentley2307]

@@karstenschuhmann8334 1. That trade deal got cancelled because of France. 2. That is a perfect example of a trade deal being good for one country and not another.

[@scottstewart6624]

Jack, on your info-graphic of the UK-Australia book, at about 1:09, you have half a Union Jack, which makes sense. But then you have the stars from the New Zealand flag, which does not make sense.

[@ghostfire4623]

UK: holy shit we actually got something done, this deserves its own web page 😊😊

[@carrotman2001]

If only the first 2 deals you talk about were combined...it would be the Ch-UK / Nor-Ice deal

[@CTCTraining1]

That’s interesting, I didn’t realise that the deal with Iceland was going to benefit their fisherman with reduced import duties into the Uk. I guess it is good for fishermen at large rather than just ours.

[@mamba101]

Did you know Harrots is a larger percentage of the economy than all British fishing? Or like warhammer? Ye games workshop is bigger too.

[@ulrichbrodowsky5016]

Liechtenstein has it's own trade deal xD

[@joebidome8351]

2:39 what you will do when your teacher tells you to write an essay.🇬🇧

[@nickvliet4614]

I hope we get a more comprehensive deal with them in the future. I'd much rather trade with our neighbors across the pond than with China

[@stuartlord9328]

UK to all other countries when negotiating “you don’t want our fishing waters do you?” Great ice breaker..

[@stuartlord9328]

@Buckets 666 awesome, so what are they complaining about?

[@stuartlord9328]

@Buckets 666 the EU! they wan't access to our fishing waters to make a deal...But like you said, they don't really need the access.

[@gallohalt]

@@stuartlord9328 I guess the problem would be them they have the same amount of fishing boats fishing but in a smaller area due to not being allowed in uk waters

[@stuartlord9328]

@@gallohalt agree, they will have to adjust their fleet size.

[@raycomeau6866]

Based in this analysis of the top 7 deals in the bag, it represents 39% of UK 2019 exports, assuming any added volume with Japan will not be significant in the initial years. That leaves a very long way to go in a very short time ........ equals negotiation advantage to EU

[@mpettersson]

While I give credit to TLDR in being less biased in their reporting over EU news. It is still evident that there is a desired narrative in how the information should lean. In the run up to Brexit, much of the debate that was used to try and prevent a Brexit. Was the suggestion that the UK would need to renegotiate all the deals that the UK had previously. And that the collective strength of the EU, meant the UK would never get a similar deal. And yet here we are in the transition period, and numerous nations have signed a roll over deal. Even though the UK is neither in the EU , nor paying an EU membership fee. Obviously the UK will need to do more. But considering the point it is starting from, what it has achieved, and where it should be able to go after it has left the EU transition. It is actually doing far better than what has previously been suggested would happen to the UK. And that is the point of this reply. Unfortunately, TLDR is always so focused on what some could call sensationalism for views. It appears to overlook the actual changes and the focus on how direction is changing. Instead paying more attention on the broom sweepers, rather than the curler or the stone. While also choosing to ignore acknowledge the UK is not tied to EU rules or policies.

[@danellis-jones1591]

Apart from Japan, these are all at least 2nd tier countries. This is no win. And time will tell whether a country with 65million people can extract a similar or better deal than a bloc of 450million. I concede that long term this might be a good idea, but short term it's a complete fuck up of mammoth proportions

[@darrenbellenger1]

@@danellis-jones1591 Hence why the video doesn't mention the huge Indian deal or joining the CPTPP. The video cherry picks, intending to appeal to the small minded.

[@altacc5356]

TLDR just says is copy paste.... but most of them when you read they are worse and have more clausules that the EU (especially UK-Japan). Also most of them were negotiatied with good faith on UK that said it will keep a free flow between UK an EU and this is not happening (one of the reasons they are not final yet).

[@darrenbellenger1]

@@altacc5356 Hence why the video doesn't mention the huge Indian deal or joining the CPTPP. The video cherry picks, intending to appeal to the small minded.

[@altacc5356]

@@darrenbellenger1 What huge Indian deal, UK was the main reason why EU-India stopped since they wanted to protect rules of origin of UK products like scottish whisky and they where strongly aganist giving more visas to India.

[@sergeblanc799]

In a nutshell : so much effort for trying and maintain the status quo, that is for no additional benefit. Such a waste !

[@darrena5384]

What are you talking about? The deals are just roll overs because we’re in a hurry. The intention is to improve them when we have more time.

[@sergeblanc799]

@@darrena5384 OK. I wish you good luck.

[@jintarokensei3308]

The Zimbabwe and Kenya deals are a banger.

[@aleks8283]

Every little counts I suppose...

[@Joker-yw9hl]

Africa by 2050 will have much larger economies within it with huge populations so it is definitely worth looking further down the road than you might think

[@aleks8283]

@@Joker-yw9hl dunno what that has got to do with Brexit or the UK being in or out of the EU? And the timing of it, like 30 years ahead?? Certainly haven't seen that argument on the side of any bus.

[@Joker-yw9hl]

@@aleks8283 My only point being that Africa is of course an emerging economic zone and getting deals in early can never hurt. Likely African countries will sign deals with the EU too of course. Not trying to be overly serious or anything, just saying that Africa is an emerging continent this century that we shouldn't dismiss

[@aleks8283]

@@Joker-yw9hl no one was dismissing Africa. But in the context of Brexit a bit beside the point as a reason for it. I.e. don't see the relevance.

[@mururoa7024]

So this is the "big win" of Brexit. Getting more or less the same as what we had before but all on our own but at extra cost and efforts.

[@ReneSchickbauer]

3:45 This is probably the first time on KZbin that Piracy and Cheese are mentioned in the same sentence....

[@leighton2202]

My word i actually understood it! go me! thank you TLDR! perfect.

[@yungstallion2201]

The UK cant enter the EU free market without obeying its laws. End of it

[@MarineRX179]

Pretty sure your statement is a misrepresentation of the situation. By your logic Norway should have no say in how to govern their own country or control over their sovereignty and fishery if they want to do trade with EU member countries.

[@yungstallion2201]

@@MarineRX179 No but the UK has 67 million people and the 5th largest economy in the world. You cant get a free trade deal while having an unfair advantage

[@SaturnusDK]

@@yungstallion2201 6th largest. It was 5th before Brexit in January. Now it is 6th and projected to be 7th in less than 4 years.

[@alexkf_]

A new channel?! How do you do it!

[@andrewtowell6074]

You pay him?

[@luci75d76]

All the world get in coalitions and blocks to trade in between : Brics , EU,African Union , ASEAN , nafta , and new Asian trade block , TPP old Etc. And the Brits want to do trade alone ....something wrong in this picture ?

[@paranoidrodent]

Something something... empire. TPP got replaced by CPTPP.

[@aidanclarke6106]

@@paranoidrodent - Oh, it has more letters so it should be better 😁

[@markdavis2475]

Brexit voters never wanted or understood "better" trade deals, it was all about not wanting to hear their neighbours speaking English with a Polish accent.

[@sariaadem842]

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[@ameliajoseph6314]

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

[@jannetjohnson581]

I don't know so much about BITCOIN, someone should please explain how to get in touch with this Debbie investment?

[@maswelldrake510]

I had been living under average financial earnings until i came in contact with a professional broker Debbie investment. Life have been better afterwards.

[@cordisgermain932]

i want to use this opportunity to say a big thanks to Debbie investment platform i was so scared investing at the first time, now I'm enjoying it now.

[@jamesmattew8436]

Is this serious because i have been loosing trade for some times now, i think i have to follow up Debbie investment

[@OwnGrid]

The fact of the matter is that the UK is smaller than the EU in every sense of the word, which means less leverage in negotiating trade deals if any thing the UK will just get worse deals than it had as member of the EU

[@kanedNunable]

yes but morons believe we have all the bargaining power. because thats what they were told

[@benjohnston9526]

Great video guys, but I just wanted to point out small (but understandable) mistake you made with the AUS-UK trade deal 'book' at 0:18, 0:33, and 1:07. Instead of using the solid white Southern Cross constellation on the Australian flag (🇦🇺) you used the red and white Southern Cross featured on the New Zealand flag (🇳🇿). As an Australian myself I completely understand how easy it is to mistake the two flags and I also know that not very many people from either nation are offended by being confused with their Trans-Tasman counterparts. Keep up the good work!

[@yixinkua936]

Singapore is being featured prominently? :D

[@eduardoking8402]

Do you not know that Singapore punches above its weight?

[@yixinkua936]

@@eduardoking8402 Of course im singaporean its just so rare to see it being acknowledged in videos :))

[@richardscales9560]

What the hell is a digital economy deal?

[@gianni7415]

You get your wish order faster and the banks get richer.

[@simoncaine9515]

Thanks for this. It's really helpful. Can you please make a video as to why the digital deal is needed ? I assumed you could sell things online anywhere in the world and just pay tax in your country. Thanks! Keep up the great work :)

[@Archie3D]

I got curious of what exactly the UK imports from Switzerland,... and it's mostly: pearls, precious stones, metals, coins ($19.68B) followed by clocks and watches ($970.42M). Well, is not this great that the supply of pearls and precious stones will not be disrupted!

[@vinceellis673]

putting an icon of wheat as the 'agri-foods export' to Canada is ridiculous. Canada produces insane amounts of grain, we aren''t importing it from Britain. We are importing cheeses, Patte, chocolates, liquor and other novel 'British' foods like teas and whathaveyou.

[@stevef1639]

Isn't it also the case that the Japan deal was regarded as being 75% in favour of Japan and 25% in favour of the UK by UK negotiators ?

[@ricmac954]

Truss was unable to state in Parliament any advantage the new deal gave Britain, while there are known disadvantages

[@stevef1639]

@Tag Nuts It means that for every perceived benefit the UK might get from the deal, Japan gets three times as much.

[@stevef1639]

@Tag Nuts Don't blame be for coming out with a crap deal Numb Nuts. Have a word with Truss and her negotiators ;)

[@stevef1639]

@Tag Nuts hahahaha... good one. Have a lovely Christmas numb nuts.

[@stevef1639]

@Tag Nuts Up to baby steps already eh numb nuts ? Go you !!! No holding you back. Have they weaned you off the Express and Daily Mail yet ? Perhaps you could give some of these amazing benefits you are dreaming up to Liz Truss so she'll have something to answer next time she's asked in parliament. Mind you, not so sure that telling them that she got her info of a bloke who names himself after a Viz advert who gets his information from repeated googling until he finds an answer he likes will go down to well. I'm bored now and probably won't answer again as you clearly have nothing. Just in case you need to google that to work it out too.

[@johnkingston1337]

The foundation of a strong economy is consistency. That’s what these deals bring. Even if nothing changes, that’s kind of the point. The most damaging aspect of Brexit was the uncertainty about the trading relationship between the UK, the EU and other countries who the UK traded with through the EU.

[@MrMerlin1896]

Is the Switzerland arrangement not also subject to the same temporary arrangement as Iceland and Norway, since it is also part of EFTA?

[@matiasvaldenegro]

The UK has already left the EU (in Feb 2020), what changes at the end of this year is that the transition period ends. Please do not keep saying that the UK is leaving the EU at the end of the year.

[@thegreypenguin5097]

he's just making it easier to understand, for all intensive purposes, esp for ppl outside the UK, it's still in the EU, trade wise

[@fabioshire97]

England: the EU sucks Also England : let's copy EU trade deals (with Canada, Japan, South Korea ect...) Me: whaaaaat????

[@aidanclarke6106]

But it is their sovereignty to be dumb 😁

[@namelesscynic1616]

We have not passed 1st January yet, so the fact most are continuity deals makes sense. The difference being that the UK can move all 9f these deals into a comprehensive tariff free arrangement later without having Brussels veto it, at least that is if Boris doesn't buckle and sign away a deal agreeing to the 'level playing field' which seeks to hamstring the UK before we even get started.

[@cba2pickname]

This channel started so well..

[@ricmac954]

What percentage of current UK exports do these deals represent? What percentage do exports to the EU represent?

[@andrewpaulhart]

The official figure is “bugger all”

[@SaturnusDK]

The UK trade with the EU account for 47% of the UKs total trade. 43% of total exports and 52% of total imports.

[@ricmac954]

@@SaturnusDK Yep. About 50%*, with the US then accounting for about 50% of the rest, which means that all other exports *combined* approximate 25% of for-now-UK trade. Of that 25%, what fraction is covered by these deals? Er, not very much. (*including EFTA, I think)

[@SaturnusDK]

@@ricmac954 Not quite. The 47% is only with the EU. The UK trade with EFTA accounts for 5% of the total UK trade.

[@ricmac954]

@@SaturnusDK That's why I said about 50%, though

[@ParaplegicSloth]

Of course we're only going to do continuity agreements at the moment. It makes sense to maintain the staus quo for now to minimise disruption. Only when this is in place should the focus turn to more time consuming negotiations. Thats just common sense and good management. Also, you critise the deal with the Swiss for omitting financial services, yet you barley mention the financial services increase in the Japan deal. Why do pretend to be a neutral comentator when you clearly have an anti Brexit agenda? I don't mind that you have the anti agenda, I'd just prefer you to be honest about it and have a debate.

[@nicholasburgess1998]

Lol been thinking the same for a while now

[@danielschneider1504]

If Switzerland is in EFTA, a is suggested by their flag being on the infographic at 5:26, wouldn't that mean that the deal with Switzerland is also temporary?

[@Ben_1993]

What’s much more frustrating (and important in many ways) is the lack of updates in regard to Double Tax Treaties. Leaving the EU sees the U.K. outside of the parent subsidiary directive and the interest and royalties directive. In short dividend/royalty/interest payments to UK companies from the EU are no longer guaranteed to be free of withholding taxes. The current treaties often remedy this to 0% but not always. There is absolutely no reason why this hasn’t been remedied and could have happened even pre 2016 (although no benefit to doing so back then).

[@ameyas7726]

The awkward moment when you have to copy the homework of your girlfriend you just broke up with!!

[@park-jj4wo]

The UK cannot legally make new trade deals yet because its still a member of the EU

[@NeverGiveUpExisting]

Soooooo...... Why is the UK leaving EU again?

[@lacdirk]

To make Johnson PM. When he's done having his fun, we'll start the long journey back.

[@NeverGiveUpExisting]

@@lacdirk Right, we await your return! With waffles, pierogi and crepes.

[@lacdirk]

@@NeverGiveUpExisting We'll bring some chicken tikka

[@NeverGiveUpExisting]

@@lacdirk Hey, always good with some beer.

[@buddy1155]

Don't care why, glad they are gone. The European Union is suddenly a lot more like minded ... as soon as Poland and Hungry are out it would be close to perfect.

[@abdelhalhuli4365]

It's not enough work done, however a surprisingly high amount from this government.

[@aidanclarke6106]

Who knew they could copy/paste something without having a stroke

[@deadshot288]

Had to stop the video twice, thought someone was drilling my house, hope the new blinds look good, lol ..

[@bramsrockhopper3377]

You really should have included a comparison of the deal we currently have with the EU in terms of value. Because in comparison, this lot are pretty insignificant. In fact I’d say that not doing so was a bit misleading... Add to that your title “The UK’s seven MAJOR NEW trade deals explianed” and it seems like you’re trying to over-egg things just a touch. I’m hoping that was a whole heap of irony.

[@owenb8636]

I hope that 12p off a bottle of Australian wine will be worth giving up preferential access to the common market

[@euansmith3699]

Don't forget the "delicious" Tim Tams.

[@und_ed]

@@euansmith3699 To be fair, Tim Tams ARE delicious. Not worth losing access to the single market, but delicious nonetheless

[@stuartschaffner9744]

This is super useful, thank you. However, all of the continuity agreements have the same problem to some degree as the UK has with Northern Ireland. Northern Ireland is by treaty in a special economic zone aligned with EU trade rules. As we all know, the UK finds this a big problem since over time the trade policies of the EU and the UK are expected to diverge. If, say, Switzerland changes its product standards to match new standards from the EU, will its continuity agreement with the UK also reflect those changes?

[@autarchprinceps]

The question isn’t really what deals the UK has, but which it won’t have or will be worse after. Given the fact that it currently has loads of deals through the EU and won’t get anything better. The UK won’t be “saving” anything by continuing a trade deal they had before as well, but will loose if they fail to get any or a deal with the same benefits.

[@TheMiguelarrifano]

so if the Uk needs anything they have to ordered to very distant countries? and the quality of the products it is guaranteed by airplane ?

[@UsmanX]

2:26 so triggered by it being command and not ctrl

[@ruud9761]

Hoping for a TLDR tech. Anyway great video.

[@wraithship]

Radically different trade deals, does not equal better. It's very possible the deals we are able to negotiate will be different from the EUs, but because we have less economic power comparatively to negotiate with they will be worse.

[@Matsmellwood]

I’m not sure why ‘keeping the status quo’ is being said with such negative connotations.

[@andrewpaulhart]

Because the U.K. has paid an absolute fortune and risked trashing its economy for nothing

[@nicholasburgess1998]

I dont understand what people expect its good we have a starting point with these countries to build on, with matters that help the nations involved. Unlike the EU where its a EU trade deal with France and Germanys best interests at heart

[@andrewpaulhart]

@@nicholasburgess1998 what people expect is what the leave campaign promised. That is nowhere in sight.

[@nicholasburgess1998]

@@andrewpaulhart politicians make promises year on year, they probably wont come true. I bet on the ones that are most likely going to happen which will benefit myself and my beliefs

[@andrewpaulhart]

@@nicholasburgess1998 you may be ok voting for lying politicians because it suits you. Some of us have a little more integrity.

[@Mr.Septon]

Brexit has only furthered my view that the United Kingdom certainly is no longer a big fish swimming in a small pond, rather it is a small fish swimming in a large pond.

[@paulwalker2133]

Excellent analysis Shane. Thanks for that.

[@paulmyatt2991]

Erm... the UK left the EU on 31st January 2020. The transitional arrangements finish on 31st December. Pedantically yours. Great channel! Cheers.

[@KANIVERSE]

I think a feature length would be a good video

[@NicholasWoodley]

But where are the sunlit uplands we were promised in 2016

[@kanedNunable]

now they pretend they wanted no deal at all, all along?! its like arguing with people with Alzheimer's.

[@renatoe9648]

LOL they are even counting palstine and the faroe islands

[@megaangelic]

You think the EU doesn't count those countries in the number of deals it holds?

[@EvenWaysMusic]

The EU has the same deals with tiny countries. So does the US and everyone else. What's your point...

[@thogy1996]

would love to see a statistic about the total worth for england of the eu deals, if they had remained and on the other hand side, the total worth of their own deals.

[@dicerevo]

Many of these goods will pass through the eu so tariffs and customs will apply. Particularly for landlocked countries like Sweeden. Manufacturing goods still rely on parts outside the UK so there will be a hit on manufactures as well

[@hfe590]

Hello and welcome to another Remainiac Brexit Explained video.

[@GermanGreetings]

It`s not about remain-nostalgy here. I think this channel is just facing facts. As long as populists only create victories, it`s not a basis for better negotiations. Brexit at the moment lacks being ready, precision... and therefore real success. We understand the senceres of half of the British people. But please don`t make you beeing fooled by promises. Please don´t answer in the scale of fishery.

[@hfe590]

@@GermanGreetings Your naivety and linguistic skills abhor me.

[@GermanGreetings]

@@hfe590 Well... don`t worry yet, Mrs. Delight. We are all foreigners, ...nearly everywhere :)

[@hfe590]

@@GermanGreetings Doesn't justify your naivety. Bye.

[@GermanGreetings]

@@hfe590 Ok, let`s negotiate in Brexit style: I am naive and accept it; assuming, you can`t do dialogue any better than by this thin-lipped arrogance. And you can of course triumphantly claim, how much more wise and clever you are :) The truth will remain afterwards: You are not in any position, to rank anybody, you can`t know. My little advice: Learn some respect in preparation for the negotiatons with your future global buisiness-partners. It could be people like me... meanwhile the arguments for remain will be rising, casualty by casualty. Don`t be angry about me. Care for your scottish neighbours, ...and care for Anguila and Gibraltar. There are too many little holes in your milkcan. Brexit is not prepaired. So Remain or extension can`t be terms, for blaming others.

[@cathlaurs9754]

And how much has Brexit cost us so far? What utter nonsense it all is.

[@namelesscynic1616]

It has cost a damn sight more thanks to Remainers forcing the UK to extend and extend waiting for magical deals with the EU. We could be 3 years into our own independant trade agreements by now had they not interfered.

[@cathlaurs9754]

@@namelesscynic1616 : ah, and there we have it - the Leavers dumping blame on us Remainers. It astounds me that you don't have the balls to stand up and be counted. This entire catastrophe lands fairly and squarely at the feet of those ill educated enough to have dreamt of unicorns and those who conned them. YOUR FAULT. YOUR MESS. OWN IT.

[@glynmozzie2143]

In the first 12 months or so, not sure what else could be expected.

[@SamButler22]

You say some of these deals just replicate existing terms from the EU, in a way that suggests that's a bad thing. We're not in the EU anymore so we would only have WTO rules, it's good that we've got these agreements. Not to mention that it took a block of 28 countries to negotiate them, and we've been allowed replicated them solo - that's kind of an accomplishment

[@alexhutcheson8467]

"We want to leave the EU so we can make our own trade deals"

[@Ouch990]

I mean, technically we have made our own trade deals they just have similar terms to EU ones currently, I think the main argument is to allow for negotiations to be made entirely with British interests at heart as opposed to the entire continent. Which to me makes sense, I didn’t vote leave but can see we aren’t going to be worse off outside the EU. Plus when you look at some of the countries outside the list presented in there are some economies in there that are growing and growing fast, namely, Kenya and Egypt, however, I am also unfamiliar with the agreements (if any) that the EU has with these nations. Just a thought 🤷🏻‍♂️

[@greattobeadub]

@@Ouch990 Unfortunately James, the UK simply does not have the firepower nor experience of conducting trade negotiations. The Japanese deal is worse for the UK than the deal with the EU that the UK tried and failed to copy and paste. The UK is also no longer an attractive location for FDI targeting the EU market.

[@bobfree5859]

@@greattobeadub so how come we have made nearly £200 Billion of deals over the past few months. Try watching something other than the biased bullshit media

[@thewingedhussar4188]

@@bobfree5859 Because the Uk made alot of quick deals that we don't exactly know the details yet. Alot of billboard signs for the future but not alot of substance. My advice to you and I quote you, "watch something else that isn't biased bullshit media". ^_^ Face it, the Uk doesn't have the presence it once had and we are now going to basically be a drift or without representation in the EU. An the EU holds way more cards then the Uk does. So unless you plan to deregulate and lower standards, the Uk is going to have to trade with the US. OR back with the EU and basically get reabsorbed into the EU. The Japanese have the US backing them up and you would need the EU to be nice if the Swiss trading is to continue long term.

[@Cervando]

@@bobfree5859 As the video explained, by copying existing EU deals. We are still a long way from where we were before Brexit.

[@camajakarlsley9899]

So basically we just lost free movement and things are going to cost more ..............

[@blue_otter7716]

If Switzerland is also in efta, should it not also be considered as a temporary agreement similar to Norway and Iceland ?

[@jammiedodger7040]

EFTA also has Switzerland in it

[@andymiller7268]

So as a member of the EU we get these deals for approx ten billion a year. From January 2020 we still get them but at no cost. Is that not a win?

[@lennartdorrestijn8059]

What about trade with the EU?

[@lacdirk]

I disagree that a continuity trade deal is anywhere near the same as the deal we had. Existing trade deals allowed us to export "EU products" to these countries. The rules for what counts as an EU product are complicated. Very, very complicated in some cases. But they basically define whether enough of a product was made in the EU (and some non-EU countries depending on cumulation clauses). Replacement trade deals allow us to export "UK products" to these countries. This means a lot of products we currently export no longer qualify. For instance, most UK-assembled cars will not fall under reasonable definitions of "UK product" as they depend too much on EU parts. And this cannot really be fixed. If we insist that the other country accepts EU content as UK content (which we actually tried to force developing countries to accept), that means industry can continue using EU parts. However, those have now become far more expensive, subject to additional paperwork and prone to delays. So for those products, competitiveness goes down. If we don't insist on it, we may be free to use parts from the other side of the world, but again, this is hardly competitive - or we would already have been doing it. So roll-over deals should not be seen as equivalent. For anything manufactured, including food, chemicals, medicines, cars and industrial machines, they are a huge step down.

[@joebidome8351]

excellent. 100% from wikipedia

[@joebidome8351]

that means industry can continue using EU[other countrys] parts. excellent work mate👏

[@lacdirk]

@@joebidome8351 0% in fact. Wouldn't make sense anyway, what article would that be?

[@lacdirk]

@@joebidome8351 I literally addressed the problem with continuing to use EU parts. Are you unable to read, unable to understand or just trolling?

[@joebidome8351]

@@lacdirk prageru video is 0% factual

[@ManilvaRS]

Love the Lizz Truss Cheese cameos haha

[@SPQSpartacus]

Apparently British negotiatiors considered the Japan deal to be 83-17% in favour of Japan. Largely because there was such a hurry to get at least one genuine new deal.