Blaster34 wrote:
Had the EU stayed an 'Economic Association' the UK may well have stayed and rejected Brexit. Seems the EU has become more of a 'Social Experiment' than a political or economic union. Policy making has become more inter-governmental rather than between the governed and governors.....Running away from their own voters, European governments have invested the EU with seemingly absolute authority, centrally located in Brussels, and then behave as if they were not responsible for what it does. I don't envy those both in or out of the EU, when you surrender your sovereignty, you surrender it all and it has consequences. However, I'm sorry you have to pay such high taxes on quality Japanese optics. Cheers
Had the EU stayed an 'Economic Association' the UK... (
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To be fair the advantages out way the disadvantages pretty much and there are things such as national veto's if they are needed. EU standards are a great thing If you manufacture a product that meets eu standards you can sell it all over the EU not only that for other countries that a product meets EU standards is mostly accepted as meeting or exceeding local standards.
It's kind of nice that my driving license is accepted all over Europe, that I can get free health care within 28 states. My qualifications are recognised by 28 countries too. I can largely choose where to live, to spend my money within Europe.
To be fair the United States of America pretty much is the same thing, you have government in Washington who makes decisions which cover all the individual states of the union. You have just been living with it for longer.
I'm living in a small country population around 4 million what kind of trade deal could Ireland get with Japan for instance, however as a deal negotiated with the EU its a better deal than trading alone.
If i buy something from japan i'm giving ireland 23% of the purchase price which goes back into the services i use. If you buy something from Japan all of the money goes to Japan. If I choose to buy within the EU instead all of it goes into the European economy and the cycle continues.
looking up balance of trade between US and Japan
"Japan is currently our 4th largest goods trading partner with $195.5 billion in total (two way) goods trade during 2016. Goods exports totaled $63.3 billion; goods imports totaled $132.2 billion. The U.S. goods trade deficit with Japan was $68.9 billion in 2016."
For the EU and Japan the trade balance is much more equal
http://ec.europa.eu/eurostat/documents/2995521/6851957/6-28052015-AP-EN.pdf/e54ca68e-0c7b-4ffc-813a-e73a46cb0ce2"After a significant decrease in 2009 following the financial crisis, the value of European Union (EU) imports of
goods from Japan recovered until 2011 and then fell continuously to stand in 2014 at €54.6 bn, the lowest level
recorded over the last ten years. Exports, which declined only slightly in 2009, then recovered more strongly to
reach a peak of €55.7 bn in 2012, and then slightly decreased over the following years to €53.3 bn in 2014. As a
result, the EU trade deficit with Japan, which had constantly been above €20.0 bn between 2004 and 2011, has
considerably reduced during the last three years to be almost in balance in 2014 at -€1.3 bn"
Ok it's still a deficit of €1.3 billion but thats a lot better than $68.9 billion.
So not so bad My country gets 23% of my money when I buy from Japan.