India is ready to help the UK with its Brexit fallout
- by admin
India is eager to help Britain’s departure from the European Union in 2019 and has been making noises about joining the bloc’s new customs union, a senior government official said.
“We will continue to talk with India, we have already spoken with the British side, the British are ready to work together with us, and we are ready for any kind of cooperation,” Home Minister Sushilkumar Shinde said in an interview with Reuters.
“In 2019, we will join the customs union.”
India, the second-largest economy after the United States, has been pressing Britain to move to a more liberal approach to trade and immigration after the Brexit vote.
India, along with China, is India’s biggest trading partner and is a key player in the global economy.
The United Kingdom’s exit from the EU would have serious implications for India, which has a growing trade deficit with Britain, and would have a significant impact on trade and investment.
In a speech last month, Prime Minister Narendra Modi said India and Britain had discussed the possibility of joining a customs union with a view to making India a bigger trading partner.
Britain is likely to continue to negotiate the terms of Brexit as it is unlikely to be able to complete a formal trade deal with the EU until after the U.K. leaves.
Shindee said India was looking forward to the end of the Brexit process.
“India has always been interested in a strong and stable partnership with the UK, and our relationship with the United Kingdom is the best in the world,” he said.
India is eager to help Britain’s departure from the European Union in 2019 and has been making noises about joining…