Re:Brexit Deal Fails in Parliament
by jayalpha on Friday January 18, 2019 @03:38AM
(#18937921)
"The UK is growing financial services exports in almost all of the markets you mentioned, so I don't really see what your point is there."
For serious financial services you need even more than a FTA. Something like passporting rights for the EU, that the UK will lose. And regarding to "financial services" China is very very closed.
By chance I read today that China and Germany want to increase trade in "financial services". This really surprised me since China is playing so hard ball against opening this market.
"(Thankfully, 'services' don't face the fundamental challenges that 'goods' do at the border outside of a customs union)"
Yes. Right. Something like passporting rights, clearance allowance etc, you can just do this without a permit or reliance on another country. Good luck with the Brexit.
For serious financial services you need even more than a FTA. Something like passporting rights for the EU, that the UK will lose. And regarding to "financial services" China is very very closed.
By chance I read today that China and Germany want to increase trade in "financial services". This really surprised me since China is playing so hard ball against opening this market.
"(Thankfully, 'services' don't face the fundamental challenges that 'goods' do at the border outside of a customs union)"
Yes. Right. Something like passporting rights, clearance allowance etc, you can just do this without a permit or reliance on another country. Good luck with the Brexit.