In truth 5 quarters of data isn't enough to judge a trade agreement. But to see no discernible impact from the Australia FTA - given that services numbers were already rising - is pretty shocking given the political attention given to it.
I think the impact was supposed to be something like 0.08% of GDP after 15 years? At the scale of your chart the thickness of the lines is going to cover up a movement of that magnitude.
Five years after Brexit we can be pretty confident that no UK FTA will do much for goods exports and that only deepening ties with the EU could achieve that which means PEM and regulatory alignment.
Because manufacturing of those things is banned in the EU?
The EU is in the process of banning the plating of taps and other sanitary fittings with chromium trioxide. But they're not banning the sale of such fittings.
German companies like Grohe are going to have to switch to inferior surfaces, and then compete with foreign exports. Or they could move their manufacturing to, say, the UK.
Funny thing Brexit having had exactly the trade impact that was predictable, now we have Trump's trade policy nonsense and exactly the same is likely to apply that it will hit the US while apologists will claim something completely different is to blame.
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The EU is in the process of banning the plating of taps and other sanitary fittings with chromium trioxide. But they're not banning the sale of such fittings.
https://www.ft.com/content/bb70437e-b565-4415-a008-0c2424c0b0de