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◈ Art. 24 (GATT)×
Mark Carney debunks the counterfactual claim made by leading Brexiters, including Boris Johnson, that Art. 24 of GATT allows for continued free trade with the EU after a no deal exit.
After a question about Brexit, trade and the Irish border, Boris Johnson says there wouldn't be tariffs with the EU because the UK could rely on GATT 24 allowing tariff free trade. That's wrong - both sides need to agree a trade deal first.
Supporters of Brexit are “completely wrong” if they think recourse to an obscure trade rule will stop tariffs springing up overnight if Britain leaves the European Union without a deal, EU Trade Commissioner Cecilia Malmstrom said on Friday.
“We want to use GATT Article 24” means “We want a free trade agreement in goods that complies with WTO rules”. It doesn’t say much.
Nigel Farage, one of the UK's leading proponents of a 'hard Brexit' told Euronews yesterday that the negative impacts of Britain leaving the EU without a deal could be eliminated by the use of "Article 24 of the World Trade Organisation (WTO)".
Remainiacs Ep. 117: VOYAGE TO THE BOTTOM OF THE BARREL Our trade future with guest Dmitry Grozoubinski
23/05/2019
Negotiator and trade expert Dmitry Grozoubinski explains the reality of No Deal. / What’s in the WAB and has any May idea ever died quite so quickly? Final learnings from the EU Election campaign that everyone pretended never was. The pros and cons of milkshaking. Astroturfing for fun and profit.
Is there a 10-year-rule to sort out trade?
20/05/2019
A number of obscure pieces of trade law have taken on near mythical status in the Brexit debate. One of them is Article 24 of the General Agreement on Tariffs and Trade (Gatt).
A few clips from this morning's @CommonsEUexit.
Mark Carney says it's a "myth" that the UK could maintain zero tariffs in a Brexit on WTO rules
03/04/2019
"Forget the fiction... it's absolute nonsense. It needs to be called out."
Amid all the demands for no-deal, a group of Brexiters are making a new argument. They're mooting the idea that the UK can invoke Article 24 of the General Agreement on Tariffs and Trade (GATT) to negotiate a deal while maintaining a tariff free regime for ten years.
I heard the debate on your show between @CatherineMEP and @Nigel_Farage this morning. Mr Farage falsely stated that we can "apply Article XXIV of GATT", and trade as now for two years.
Terrifying ignorance by the ERG’s @ABridgen [Andrew Bridgen] saying UK can get ten years on zero tariffs
23/02/2019
Terrifying ignorance by the ERG’s @ABridgen, saying UK can get ten years on zero tariffs to agree an FTA by “instigating GATT24”, being told by @NickBoles the WTO have already ruled out that option...
Peter Ungphakorn - thread re Art. 24 (GATT)
15/02/2019
I rebutted @DCBMEP's original thread. He deleted most of it and retweeted it here. So here's my original rebuttal thread on why he's wrong, slightly elaborated.
“Article 24 of the World Trade Organisation treaty allows us to continue to trade with Europe on zero tariffs while we negotiate a free trade arrangement.” Statements like this keep returning to the political debate ...
Deep into January 2019, as the Brexit clock counted down to mere days, an obscure and unnecessary World Trade Organization (WTO) rule was dragged into the heated public debate about Brexit...
This Brexit Trade Myth Needs Busting Now
01/02/2019
The latest attempt by hardline Brexiters to dress up a no-deal exit as acceptable should be put out of its misery now.
Dmitry Grozoubinski joins Adrian Chiles and his guests to talk through the implications of No-Deal Brexit.
Britain leaving the EU with no deal would be "extremely bad" for both parties, the former head of the World Trade Organisation (WTO) has said.
Conservative MP Jacob Rees-Mogg was wrong about this but he’s never corrected his mistake, and the myth persists. What is the claim and why is it wrong?