(Video) Rajya Sabha TV (RSTV) India's World: Brexit: India, European Union (EU) & United Kingdom (UK) Ties

Rajya Sabha TV (RSTV) India's World


(Video) Rajya Sabha TV (RSTV) India's World: Brexit: India, European Union (EU) & United Kingdom (UK) Ties


Topic: Brexit: India, European Union (EU) & United Kingdom (UK) Ties

Guest:

  • Gurjit Singh, (Former Ambassador)
  • Jayant Dasgupta, (Former Ambassador, WTO)
  • Pramit Pal Chaudhuri, (Foreign Affairs Editor, HT)

Topic Description:

While Britain formally left the EU at 11 p.m. local time on Friday, the hard work of building a new economic relationship between the bloc and its ex-member has just begun. There are difficult negotiations ahead as the U.K. goes its own way while trying to preserve links with its biggest trading partner, covering everything from tariffs and product standards to British industry's ability to recruit foreign workers and the EU's access to U.K. For now, little has changed. The two sides agreed on a transition period that keeps current rules and regulations in effect until Dec. 31. But that gives the U.K. government just 11 months to negotiate a comprehensive trade deal that could decide the prospects of British businesses for decades to come. The EU accounted for 54% of Britain's imports and 43% of its exports in 2016.

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Courtesy: RSTV