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Similarly, we intend  that  the  EU's  current  annual  and  final  bound  commitment  level  specified  for domestic  agricultural  support  be apportioned  between  the  future  EU  and  the  UK  on  the  basis  of  an objective methodology.

Unfortunately there is at present no agreement on what "an objective methodology" for apportioning quotas/supports would look like.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Oct 18th, 2017 at 10:43:57 AM EST
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It appears that enough WTO members are not keen on allowing the EU27 and UK to divvy up the EU28 export quotas, so that this BATNA plan is dead in the water.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Oct 18th, 2017 at 09:17:02 PM EST
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Both parties will be required to resubmit schedules for WTO approval in any case. I think, that is yet another understated condition of "membership."

Diversity is the key to economic and political evolution.
by Cat on Thu Oct 19th, 2017 at 07:01:26 PM EST
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