Brexit has pushed the two nations to think of new opportunities

In very rapidly changing world opportunities are of great numbers. New agreements and pacts replacing the old trade relations have opened up a number of avenues for growing economies around the globe like India. One of the most important possibilities is Parcels UK to India free trade treaty as Brexit process has been kicked off after Theresa May, British PM letter to the European Union. It is in the best interests of both sides as they have been enjoying more than a century old friendly ties in a number of spheres.

But setting out the perimeters of such a pact is not easy due to disparity that exists between these nations. As Indian side has been focusing more on issuing visa for those who would get engage in trade with Britain and it is somewhat getting into swamp once again. Then there is sense of urgency that could create further obstacles instead of paving the way forward.

Both Sides are willing for increased business activity

The cut-off date of completion of procedure of exclusion from EU is exactly 2 years from now and until that there would be no actual negotiation regarding this sort of trade. There is no doubt about the importance of India as second biggest market of the world after China and its growing economy that has enhanced purchasing capacity of people.

So the talks could be very tight as both sides would like to take advantage of their respective strengths in trade and commerce perspective for each other and the eyes of India are to boost cargo to India. The other aspect of the scenario is EU and India free trade agreement though there is no such preponderance but it is not out of question.

Britain will be free to deal with India

There would be no compulsion on Britain to follow bureaucratic rules of EU to go into a trade arrangement with the biggest South Asian country. Technological advancement and installation of modern facilitations on ports of both sides have further enhanced trust level.

There is already a strong and vigorous trade and investment partnership as Indian investment in the UK is third biggest one that acts a second most job creator international endeavor in the country. On the other hand, England is the largest among G20 that makes investments in this part of the world.

South Asia an Emerging Market for World

The recent pact between the two is to encourage sectors like IT, aerospace, consumer items, healthcare, and pharmaceuticals. The expected volume of these trade items would be GBP 1.2 billion. There is competition among many countries to meet the needs of South Asian markets and to get more of the total share they need to build strong relations.

There is an incentive of increase in two-way trade upto 26 percent if the conditions would have relaxed on a movement of goods and it is much feasible than that of reaching a balanced trade pact between the European Union and India. So there are favorable grounds to move on the course of easing restrictions that would allow certain upward trend of business and freight forwarding activity.