> It also brooks no dissent: one of the EU's "red lines" in the negotiations was that they didn't want the UK to undercut their "standards", defined as regulation. Any country that attempts to deregulate gets taken to court by the EU Commission itself, in its own courts, which almost always rule in favour of the Commission regardless of what the law actually says.
This is standard practice is almost any trading agreement. No trading entity wants to enter a tariff free agreement with another entity which operates lower standards, and thus makes it easy for that partner to undercut their local market.
It’s the entire reason why the US and EU hold tariffs against each other. They don’t want the subsidies or differences in standards to allow one to undercut the other.
The US has similar terms in all their trading agreements, its just that historically the US has sought to export its copyright, tax and drug laws. Hence why most of the western world has drug laws and copyright laws that are almost a copy paste of US drug and copyright laws. Indeed it’s why weed is still technically illegal in Amsterdam. It’s also how the US gets foreign banks to enforce FATCA.
Finally if you want to see some really repugnant trade agreement terms, look up Investor-state Dispute Settlement agreements that the US likes to put in their trade deals [1]
This is standard practice is almost any trading agreement. No trading entity wants to enter a tariff free agreement with another entity which operates lower standards, and thus makes it easy for that partner to undercut their local market.
It’s the entire reason why the US and EU hold tariffs against each other. They don’t want the subsidies or differences in standards to allow one to undercut the other.
The US has similar terms in all their trading agreements, its just that historically the US has sought to export its copyright, tax and drug laws. Hence why most of the western world has drug laws and copyright laws that are almost a copy paste of US drug and copyright laws. Indeed it’s why weed is still technically illegal in Amsterdam. It’s also how the US gets foreign banks to enforce FATCA.
Finally if you want to see some really repugnant trade agreement terms, look up Investor-state Dispute Settlement agreements that the US likes to put in their trade deals [1]
[1]: https://en.m.wikipedia.org/wiki/Investor-state_dispute_settl...