Cu is very largely about agreed standards and passporting. How does it affect competitiveness?
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Replying to @panmisthropist
Unsurprisingly, you're not interested in actual dialogue. Here, how a customs union distorts the market: http://www.economicsonline.co.uk/Global_economics/Trade_creation.html …
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Replying to @hoongwaicheah @panmisthropist
And the article doesn't even touch on the complications of unbalanced subsidies.
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Replying to @hoongwaicheah
It concludes this.pic.twitter.com/9YQB6cSbXW
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Replying to @panmisthropist
Do you fail to understand that this precisely describes the distortion that is occurring...?
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Replying to @hoongwaicheah
And 'distortion' in this case means cheaper goods and easier trade. What happens to JIT outside the CU. it employees over 2 million
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Replying to @panmisthropist
cheaper and easier within the CU. dearer and harder outside the CU. Hence the distortion toward CU trade. What do you mean by JIT?
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Replying to @panmisthropist
Explain why JIT production would be affected
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Oh yes, seriously. Take your time.
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