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India is a fast-growing economy and many want to grab the opportunity to do trade with it to have their economies grow as a result but it is Brexit which become hard to swallow the situation for the present government. There have been many attempts from the PM till now to get the deal accepted by the MPs in the parliament but till now there is no luck and the uncertainty still haunts the trade side.
In this situation, there is one economy apart from others which might gain an advantage, which is India. This is to have a deal settled with EU so that there can be direct deals with the bloc.
India has to access the market through the UK but once the UK is out of the EU trade pact there will be no restrictions. But why there are efforts to start the talks again as they were stopped in 2013 due to disagreement on many important issues.
Apart from the historical background and many years of trade together by sea cargo the UK has other things also to bind a trade agreement. The agreement is not going to be an easy one as there is the visa quota restriction still there by the UK for Indian students.
But this does not mean that there is not going to be any middle way out of this one point. Britain might agree on certain things to not to let go of the opportunity, everything is possible in the present situation.
The pressure is building from every direction and the extended time will again come to an end. India can be a very important trade partner to give some stability to the economic side of the country.
A very simple reason could be to fill in the gap for the UK? Well, maybe that can be a possible reason. But the very less chance of any deal between these two is the concern of EU over some serious issues.
When the EU is in a trade deal there are many agreed rules the country has to follow and it will be difficult for India to do as it is independent in trade. The recent talks did not answer any of the issues that concerned before so everything is still where it was 5 years back.
One reason for making the trade environment better may be the American current trade attitude towards world trade. The instability has to be dealt with to make an unrestricted trade possible but for which countries have to sit for talks to stabilize the flow of goods internationally.
Otherwise, everyone has to suffer sooner or later. After all, trade is not about dealing in own country, it is to have a relation with other countries. Reviewing the limits set by countries is becoming important day by day and they have to face the reality if the time comes. UK, EU and India all are one of the lots that have to reconsider things for a better trade escalation.
