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even within the EU, new trade deals are no longer the preserve of the technocratic elite: they are coming under increasing scrutiny in national parliaments (all of which must ratify any new deal)
That's not entirely correct. The EU has exclusive competence over a narrowly defined "trade" policy, and so a free trade agreement that is limited to those areas of exclusive EU competence does not need to be ratified by the national parliaments. Of course, such a limited trade deal would be inadequate to the economy of the 2020's. But if the UK and the EU must reach a quick agreement of a future relation so that the UK can exit the transitional post-Brexit regime, that will have to do. A so-calles mixed agreement dependent on the assent of all EU national parliaments can wait for a second stage of negotiations. But in particular the services sector would be hard hit by growing from the Brexit transition to a narrow trade deal.

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 Sat Nov 17th, 2018 at 03:37:20 PM EST

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