Dolph:
You could negotiate deals with the rest of the world, good luck when you are on your own, small and bullied by everyone!theguardian.com/politics/20 … trade-deal
“The EU is India’s largest trading partner … but exports from the UK to India have been declining,” he said, adding that trade would also be hit by the drop in sterling, which rallied on Friday.
“Now, exports from India to the UK will also decline because you’ve lost 18% of your pound’s value. So if I’m sending something to the UK and getting a lower return on it, I’m going to have a think about that. It’s a double hit.”
The picture is not uniformly bad: for some Indian businesses the impacts of Brexit present an opportunity, said Anuj Chande, a partner and head of the South Asia group at Grant Thornton.
“For those looking at acquisitions in the UK, the cost of those acquisitions has become much cheaper,” he said. “So we’re seeing increasing interest to buy into food manufacturing and distribution, and in the technology space.
“Equally, you’ve got a lot of Indian companies that aren’t necessarily looking to Britain as a launchpad into the EU but looking to capitalise on the design and experience of UK companies.”
Britain and India still shared deep cultural links that made it an attractive place to establish a base, he said.
“But the majority are concerned about what the future relationship with Europe is going to be, and if it’s going to go down the really hard Brexit route, then it’s going to raise some issues for Indian companies,” said Chande, amid great disagreement over what the Brexit deal should look like within the UK.
India’s pharmaceutical industry, expected to be worth more than £40bn by 2020, is one that might struggle to make large investments in the UK after Brexit.
London has been a hub for drug companies because the European Medicines Agency, which sets standards across the bloc, is headquartered in Canary Wharf. Spain and Sweden are reportedly among those already lobbying to be its new home.
India’s largest carmaker, Tata, will also be sweating over negotiations between Britain and the EU. About 90% of its value is ■■■■■■■ in the UK-based Jaguar Land Rover, which is dependent on European supply chains and markets that might soon attract steep duties.
Great so we ditch Brexit and maintain our current position of allowing Germany to run the show in its interests,including our net trade deficit and contributions regarding the EU.While also allowing India to use the earnings made off it’s cheap exploited low cost labour to buy out what remains of the country.In addition to continuing the situation of cheap East Euro labour being used to over supply the domestic labour market or under cut it such as in the form of taking over the European transport market.While Corbyn tries to sell that as being good for the indigenous working class.
As for Jaguar how does us hitting German car imports,with tarrifs and quotas,as part of any trade war stupidly kicked off by Germany,while obviously exempting German components used in Jaguars as part of that,or preferably resourcing to domestic manufacturers,supposedly hurt Jaguar or UK manufacturing.As opposed to it actually helping it.By creating more sales in the domestic market than are lost in the Euro export ones.IE you still seem to be having some trouble in understanding the definition of trade deficit especially in the case of manufactured goods.