Yes Sinkov, but this will be very good for China but not so good for us.

http://www.huffingtonpost.co.uk/rob-..._17505102.html


China would hold all the aces here. The same is true for other potential new trade agreements with other countries.

To set up individual trading agreements with countries such as China, India etc usually involve very protracted negotiations and take years to pull off. At the moment there seems to be little advantage to these countries to strike a separate deal with us. They will benefit from WTO rules - but we will be penalised.

When I was working we used to import IT equipment from Asia, generally China, and the business was good for us (buying directly from the manufacturers) even though there was a small tariff to pay.
Exporting will prove to be the problem, depending on what we wish to sell them.
I keep banging on about how simple it is to currently trade with the EU. It really is as simple as buying from the UK. And most businesses who trade with the EU have spent years building up their customers/suppliers. No tariffs, no custom hold ups, no red tape, it has been brilliant.
Plus the fact that you can guarantee the standards of your imports because it has to conform with EU regulations.
It is always a worry to start dealing with other countries who do not need to conform to these same standards. There is a lot of cheap junk being made in China etc. so you need to be mindful of this. Please also remember the long transit times from these countries. Money has to be paid upfront and it can take several weeks, and a LOT of paperwork, before you receive your goods. It is usually two days lead time in most of Europe.

As a recent businessman who dealt mainly in the EU, but also with the US, Asia, Africa and Australasia I am still waiting for someone to explain to me how Brexit will help to increase trade and hence our national wealth.

If you can explain how Sinkov (without mentioning these fictitious "super deals once we have left the EU") then the coalition is back on