Connect with us

Europe

Britain’s Brexit Deal Offers India Opportunity Of Direct Negotiations

Published

on

Britain is expected to quit the European Union on March 29. This has raised concern in the global financial markets. India-Britain bilateral trade ties may go through positive as well as negative impact.

EU To Open Diplomatic Mission in Turkmenistan; Improve Economical, Political & Cultural Relations

The failed Brexit talks between England and the European Union indicates that Britain may leave the Union without a deal leading to economic impact, even a recession in Britain.

Mayuresh Joshi, Fund Manager Angel Broking emphasised saying, “If there is Brexit without a deal then there could be short-term disruption while in the long run, it makes the UK less dependent on the EU giving countries like India an opportunity to negotiate directly with the UK.”

The report published by RBI also stated that the possibilities for Brexit could offer opportunities for exporters in India in case of revision in bilateral trade ties. Britain’s Bank of England issued a warning that no-deal Brexit may cause a recession. Brexit has also been considered as the strong means of generating investments, India’s RBI governor Shaktikanta Das said:  “Brexit is a factor that has repercussions for India’s external sector. There are consequential policy challenges for India which enjoys strong trade and investment relations with the UK and the EU.”
India-UK shares strong bilateral trade ties because Britain is the top trading partner for India in terms of exports and imports. The UK is the seventh nation which has a trade surplus with India.

Analysts believe that the most important companies who have financed the Auto and steel sector often invest in the IT and pharma sector. Indian companies have invested significantly in the UK, in return, the UK has invested in the sector of health, agriculture and food products.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

usa-taiwan usa-taiwan
Asia Pacific3 hours ago

Amid China Threat, Taiwan’s First Homegrown Submarine To Be Equipped With US’ Torpedoes, Harpoon Missiles

Amid China’s muscle-flexing, Taiwan has started building its first indigenous submarine. The Island nation will be receiving imported components for...

ROBOT-SOLDIERS ROBOT-SOLDIERS
EurAsian Region3 hours ago

Russian Army Receive 1st Batch Of Deadly ‘Terminators’ That Can Spread Terror On The Battleground

The Russian Ministry of Defense announced that its military had received the first batch of Terminator tank support fighting vehicle...

F-35-INDIA F-35-INDIA
Featured6 hours ago

Did Russian Missiles ‘Hit’ F-35 ‘Stealth’ Fighter Jet Operated By The Israeli Air Force Over Syria?

The world has its eyes on the new American F-35 jet that has already cemented its place in the elite...

Chandrayaan-2 Chandrayaan-2
Asia Pacific9 hours ago

India’s Venus Orbiter ‘Shukrayaan’ May Get A Piggyback Ride On Heavy-Duty Rocket, GSLV-Mk III

In September, NASA administrator Jim Bridenstine had said it’s time to prioritize Venus, one of our closest planetary neighbors. His...

INDIA-PAKISTAN INDIA-PAKISTAN
Featured11 hours ago

Pakistan Hits Out At India For War-Mongering Even During Covid-19 Pandemic

Pakistani foreign minister lambasted arch-rival India and – said that some countries, including India, defied international calls for peace and...

INDIA-CHINA INDIA-CHINA
Asia Pacific11 hours ago

Chinese PLA Deploys ‘Assault Boats’ In Pangong Lake After Indian Army Stations MARCOS Commandos?

As Indian and Chinese diplomats and top military commanders are trying ways to disengage in the Ladakh region, there are...

rafale-jets rafale-jets
Asia Pacific14 hours ago

Indian Rafales ‘Far Superior’ To Pakistan’s JF-17 Thunder — Chinese Military Experts Make Rare Admission

In what seems to be a rare admission, Chinese experts have said that the French-built Rafale fighter jets, procured by...

china-moon-mission china-moon-mission
Featured14 hours ago

ISRO’s Chandrayaan Looks To Catch-Up In Space Race As China Surges Ahead With Chang’e-5 Moon Mission

China’s Chang’e-5 probe has successfully landed on the moon, in a landmark mission to bring lunar surface samples back to...

US-CHNA-WORLD-WAR US-CHNA-WORLD-WAR
Americas23 hours ago

Why Is The US Constructing A New Military Base Right Next To Its Biggest Airbase Near China?

With its eyes on China, the US Department of Defense (DoD) will build an alternative military base on Tinian island,...

Americas24 hours ago

The US ‘Apple’ Turns Sour As China’s Xiaomi Heads For Global Domination In Smartphone Markets

Xiaomi replaced Apple for the first time to reach the third spot globally, after Samsung and Huawei, in the list...

Advertisement
Advertisement