India-UK free trade deal is likely around 2019

2016 ◽  
Keyword(s):  
International Trade ◽  
United Kingdom ◽  
Free Trade ◽  
Financial Services ◽  
Content Type ◽  
Decision To Leave ◽  
The United Kingdom ◽  
The Uk ◽  
Economic Ties ◽  
The Eu

Subject Outlook for a possible free trade deal between India and the United Kingdom post-Brexit. Significance UK business minister Sajid Javid's first overseas visit following the UK decision to leave the EU ('Brexit') was to India on July 8. Both countries have long eyed closer economic ties, and Brexit will likely provide a catalyst. Impacts Prospects for growth are strongest in areas including IT, financial services, pharmaceuticals, textiles and light engineering. The United Kingdom could support India in future international trade negotiations. In time, the India-UK relationship may become diplomatically stronger than the India-US relationship.

Prospects for a close EU-UK trade deal are not good

2019 ◽  
Keyword(s):  
United Kingdom ◽  
Financial Services ◽  
Transition Period ◽  
Content Type ◽  
The United Kingdom ◽  
Uk Government ◽  
The Uk ◽  
The Impact ◽  
Limited Period ◽  
The Eu

Subject UK-EU trade talks. Significance The United Kingdom will leave the EU on January 31, 2020, but will abide by EU rules as part of the transition period, which runs to December 31, 2020. During this limited period of time, London and Brussels will seek to negotiate a permanent trading relationship. While the transition deadline can be extended, the UK government has committed not to seek an extension. Impacts The impact of no trade deal or a 'thin' one may force the UK government to increase taxes in order to meet spending pledges. UK financial services will rely on an equivalence deal with the EU; London hopes to agree this by mid-2020. The EU’s future trade policy will focus on having stronger sanction powers as well as legal ones for those that unfairly undercut EU firms.

Brexit will have mixed impact on the Caribbean

2016 ◽  
Keyword(s):  
United Kingdom ◽  
Export Market ◽  
Regional Economies ◽  
Content Type ◽  
Decision To Leave ◽  
The United Kingdom ◽  
The Caribbean ◽  
The Uk ◽  
The Impact ◽  
The Eu

Subject The impact of Brexit on the English-speaking Caribbean. Significance The Caribbean is a region with strong links to the United Kingdom that will be affected significantly by the UK voters' decision to leave the EU ('Brexit'). The region includes sovereign and non-sovereign countries and both groups will be affected, albeit in different ways. Impacts Caribbean concerns will not be a priority for either the United Kingdom or the EU. Uncertainty may further undermine already weak regional economies. CARICOM will need a new trade accord with the United Kingdom, its main export market.

Brexit consequences for China will gradually take hold

2016 ◽  
Keyword(s):  
United Kingdom ◽  
Financial Sector ◽  
Business Relationships ◽  
Political Uncertainty ◽  
Economic Dependence ◽  
Content Type ◽  
Decision To Leave ◽  
The United Kingdom ◽  
The Uk ◽  
The Eu

Subject The implications of Brexit for China. Significance The UK electorate's June 23 decision to leave the EU runs counter to China's preferences, and the economic and political uncertainty it creates will affect China's relations with both the United Kingdom and the EU. Impacts UK negotiations with China will focus on areas such as property investment, the financial sector and education. Northern English and Welsh cities in particular will seek closer business relationships with China. Greater economic dependence on China may make London feel less able to side with Washington where Chinese-US interests diverge.

'Brexit' will most affect Anglophone Africa

2016 ◽  
Keyword(s):  
United Kingdom ◽  
Sub Saharan Africa ◽  
Content Type ◽  
Decision To Leave ◽  
The United Kingdom ◽  
The World ◽  
Sub Saharan ◽  
The Uk ◽  
The Eu

Subject Effects of the UK decision to leave the EU on African states. Significance The decision of voters in the United Kingdom to leave the EU ('Brexit') will alter its relationships with countries across the world. London's engagement with countries in sub-Saharan Africa (SSA) will change depending on the form the Brexit takes, but the vote to leave risks diminishing the United Kingdom's influence. Impacts Divides in EU and UK policy toward African issues could deepen. A weaker EU will reinforce the need for African states to build relationships with other areas of the world, particularly Asia. Diminishing UK influence could pressure countries such as Germany to expand their engagement with SSA states.

EU-UK deal allows Cameron to campaign against Brexit

2016 ◽  
Keyword(s):  
United Kingdom ◽  
Prime Minister ◽  
Transition Period ◽  
David Cameron ◽  
Content Type ◽  
The United Kingdom ◽  
Eu Membership ◽  
Scottish Independence ◽  
The Uk ◽  
The Eu

Subject The package of reforms on a new EU-UK relationship. Significance The agreement between the United Kingdom and its EU partners sets the stage for the UK referendum on EU membership, which Prime Minister David Cameron has set for June 23. Cameron said he had negotiated new terms that would allow the United Kingdom to remain in the EU. Impacts The deal bolsters the campaign to remain in the EU, but the referendum outcome is still highly uncertain. The deal will only come into effect if the outcome is for remaining, forestalling a second referendum for better terms. If the outcome is for leaving, a new relationship with the EU would have to be negotiated during a two-year transition period. It would also probably lead to a second Scottish independence referendum and UK break-up.

EU-UK Brexit is unlikely to be stopped

2018 ◽  
Keyword(s):  
United Kingdom ◽  
Ongoing Debate ◽  
Content Type ◽  
The United Kingdom ◽  
Uk Government ◽  
Article 50 ◽  
The Uk ◽  
The Eu

Significance This comes after the Telegraph reported last week that Soros had donated 400,000 pounds to the group. There is an ongoing debate as to whether the United Kingdom will in fact leave the EU. Central to it is the question of whether the UK government can unilaterally revoke its decision to trigger Article 50 in March 2017. Impacts Voters would be less likely to support the revocation of Article 50 if the Council imposed conditions that made membership less attractive. Revoking Article 50 and remaining in the EU would reduce damage to the UK economy. If Article 50 is revocable, Eurosceptic governments could be tempted to use the prospect of triggering it as leverage in EU negotiations.

Disarray will cloud start of EU-UK Brexit talks

2017 ◽  
Keyword(s):  
United Kingdom ◽  
Transition Period ◽  
Content Type ◽  
The United Kingdom ◽  
Eu Membership ◽  
Key Issues ◽  
The Uk ◽  
Political Turmoil ◽  
Implementing Strategies ◽  
The Eu

Significance The process has been plunged into further uncertainty by the outcome of the June 8 UK general election, which has sparked renewed debate about what kind of Brexit the United Kingdom wants and what kind of future economic relationship with the EU it should seek to negotiate. Impacts The UK government’s weakness is a cause for concern elsewhere in the EU, raising fears that it may not be able to compromise on key issues. Many businesses will begin implementing strategies for dealing with Brexit early next year, before knowing the outcome of the negotiations. Pressure for a lengthy transition period will continue to build. The political turmoil and slowing economic growth in the United Kingdom may increase support for EU membership elsewhere in the bloc.

Brexit will be damaging for UK-EU services trade

2020 ◽  
Keyword(s):  
United Kingdom ◽  
Free Trade ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
Services Trade ◽  
Content Type ◽  
Cross Border ◽  
The United Kingdom ◽  
Trade Deals ◽  
The Eu

Significance Even if it succeeds, this will have a greater disruptive impact on the trade in services than goods, because the EU’s single market enables greater cross-border services trade than is typical of other free trade agreements (FTAs). This is likely to cut the volume of EU-UK services trade, in which the United Kingdom currently enjoys a substantial surplus. Impacts The United Kingdom’s departure from the EU will diminish its appeal for multinationals over the next few years, at least. The new UK immigration system could result in staff shortages in low-skilled services sectors. The imperative of tackling COVID-19 will likely delay the conclusion of new trade deals with non-EU countries.

‘Brexatom’ could disrupt UK nuclear sector

2017 ◽  
Keyword(s):  
United Kingdom ◽  
Nuclear Industry ◽  
Atomic Energy ◽  
Association Agreement ◽  
Content Type ◽  
The United Kingdom ◽  
Energy Community ◽  
The Uk ◽  
Skills Shortages ◽  
The Eu

Subject Euratom and Brexit. Significance The UK government on July 13 put forward its proposals on handling its exit from the European Atomic Energy Community (Euratom). The document was published amid growing consensus between parliamentarians, the nuclear industry and the scientific and medical communities that the considerable risks associated with leaving Euratom made transition arrangements essential. Impacts Exiting Euratom and the EU will exacerbate the United Kingdom's problems of an ageing nuclear workforce and skills shortages. A UK association agreement with Euratom could be derailed by a veto by the anti-nuclear Austrian government. The problems presented by exiting Euratom will be replicated in other areas where the United Kingdom relies on EU expertise and oversight.

London’s EU-UK customs plans would be unworkable

2018 ◽  
Keyword(s):  
United Kingdom ◽  
Customs Union ◽  
Northern Irish ◽  
Content Type ◽  
The United Kingdom ◽  
Physical Infrastructure ◽  
Irish Catholics ◽  
Trade Relationship ◽  
The Uk ◽  
The Eu

Significance The UK government remains divided over how its relations with the EU’s customs union should be arranged after Brexit, while the EU is unimpressed by any of the suggestions put forward by London to date. This issue is central to both the future EU-UK trade relationship and the debate about how to resolve the question of the intra-Irish border. Impacts Any physical infrastructure on the Irish border would become a target for violence. A hard border could increase support for Irish reunification among Northern Irish Catholics. Different customs regimes in the EU and the United Kingdom could lead to smuggling.

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