Cameron has pledged an in-out referendum in 2017, and opinion polls suggest the public is inclined t

GENEVA, May 16 (Reuters) - As British Prime Minister David Cameron struggles to accommodate eurosceptics in his own party, trade experts warn that quitting hotels in downtown atlanta ga the European Union would force Britain not just to rework trade relations with the EU, but also with the EU's trade partners and probably the World Trade Organization.
Moreover, it would struggle to maintain the same level of trading rights it now enjoys, they say, including those that benefit London's financial centre, a major contributor to the national economy and a significant exporter.
Cameron has pledged an in-out referendum in 2017, and opinion polls suggest the public is inclined towards the exit, which would leave Britain in need of a deal to ensure exports to the EU are not hit with EU import tariffs, which averaged 5.3 percent in 2011, and 13.9 percent in agriculture.
"Could we negotiate hotels in downtown atlanta ga a free trade area with the EU? It would be feasible, but you have to be sure that's what the other side wants. Having said 'we want to shut the door and stop paying into your budget', can we then say 'please give us free trade for free?'"
Without a good deal, Britain could find itself in a worse position than competing exporters, such as Norway, Switzerland, South Africa, South Korea and many others, which have preferential trade agreements with the EU.
By leaving the EU, Britain would also lose the duty-free advantages on the other side of those deals. That would mean paying tax on exports to countries like Switzerland, its biggest non-EU market in 2012 after the United States and China.
hotels in downtown atlanta ga The EU is currently pursuing deals with the United States and Japan, too. The U.S. deal, championed by Cameron, seeks to go far beyond tariff cuts and make it much easier for European and U.S. firms to do business hotels in downtown atlanta ga in each other's markets.
"The size of the British economy is still to be reckoned with in the world economy but of course its share is rapidly shrinking, and that means the willingness of other countries to prioritise the UK ahead of others is probably hotels in downtown atlanta ga going to shrink," said Fredrik Erixon, who heads the European Centre hotels in downtown atlanta ga for International Political Economy in Brussels.
Petros Mavroidis, a WTO expert at Columbia University, said there would be no need to renegotiate Britain's membership of the global trade body, since both it and the EU are already members. But that would depend on Britain not trying to take any of its rights to EU agricultural subsidies hotels in downtown atlanta ga and quotas with it.
Apportioning the right to agricultural subsidies would be made easier by the fact that the EU is using only a fraction of the agreed limit imposed by the WTO - 8.76 billion euros of the 72.2 billion euro ceiling in 2009/2010.
But import quotas may be trickier because they apply EU-wide and are the result of negotiations with suppliers. For beef alone that would reopen negotiations with countries like Argentina, the United States, Canada hotels in downtown atlanta ga and Australia, who currently enjoy a certain quota of low-tariff exports to the EU.
TheCityUK, which promotes Britain as a place to do business, hotels in downtown atlanta ga said Britain had a financial services hotels in downtown atlanta ga trade surplus with the EU of 17.6 billion pounds in 2011, and EU banks in Britain held 1.4 trillion pounds in assets, 17 percent of the national total.
With no say in EU decisions, Britain would also lose its right to defend against policies such as the European Central Bank's effort to bring clearing houses of euro-denominated securities onto euro zone territory, Erixon said.