The United Kingdom wants to join the United States - Mexico - Canada Free trade agreement?
😂 Seriously, are Boris Johnson & the Tory Brexit govt really for real? First was CPTPP (in process of joining it) & now USMCA (NAFTA 2.0)? As if the UK is in North America geographically. They (Tories & leavers) really do not have any good thinking senses at all.
I said before in my previous blog post that geography matters when it comes to trade. mrlimitless95.blogspot.com Example. The UK wants to be in the trade bloc of 11 Pacific countries in the Asia region as if the UK is not in Europe geographically. Now it is also becoming a case for the new NAFTA. UMSCA. Trilateral trade bloc of 3 countries in North America. Canada, Mexico and the United States of America. As if the UK is geographically in North America which everybody knows for the fact that the UK is in Europe geographically and that they want to diverge from European standards (away from the European Union) & aligning with the American standards.
So with UK Prime Minister Boris Johnson not being able to get what he wanted. US trade deal (the one that definitely has concerns regarding banned US imports: Chlorinated Chicken, GM crops, beef injected hormones, etc and the idea of NHS being sold off to American corporations) which is not going to happen anytime soon. It is not the top priority for US President Joe Biden. I talked more about my previous blog post about the potential UK - US trade deal & what would mean for both nations. mrlimitless95.blogspot.com
If there is really going to be post Brexit trade deal between UK & USA, the govt in the UK would have to wait until 2024. By then, it would had been 8 years since the 2016 divisive Brexit vote.
And if the UK does indeed joins USMCA (new NAFTA - North America Free Trade Agreement) - trade bloc of three North American countries then how will Britain benefit from being part of the USMCA deal? It will gain no benefit and it will gain barely from the trade deal (United States - Mexico - Canada).
google.co.uk According to BBC News, “the overall gains may be very limited, perhaps less than 0.1% of GDP”. Yes, less than 0.1 of GDP. Not a good overall benefit for the United Kingdom of Great Britain and Northern Ireland. 🤦♂️🇺🇸🇨🇦🇲🇽🇬🇧
Limited coverage for the UK if joins the USMCA trade bloc meaning Great Britain wouldn’t be in the position that much to sell services to America. Except deeper benefits to some goods and digital trade with North American economies.
Moreover, the country already has a trade deals with Canada and Mexico. Yet Boris Johnson & the whole Conservative Brexit government are so desperate to get a trade deals with any nation. Particularly USA.
So given the United States is the biggest economy in the world alongside China and the European Union, we know the UK economy is no way big than US, EU27 or China. Small island country governed by the Tories and the leavers who talks a lot about “Global Britain” with nostalgic mindset that the UK can be better and to prosper in the world stage than being inside the EU. As long they don’t mean Global Britain as in having the empire again (British Empire), if that is really the case then I afraid the nation will not prosper. It will go backward instead of forward.
No wonder a week ago I talked about the situation here in the UK & Boris Johnson wanting to ditch the metric system.
So in that case, UK joining USMCA (& perhaps becoming North American country) in my opinion will not be anything good for the UK & people like myself. Boris Johnson & the govt should just forget about getting a trade deal with America and move on to something else. It is not going to happen anytime soon.
Check out TLDR News clip on YouTube about It. youtu.be
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