BREXIT - Good or Bad ??

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FIat Capper
Dean Widders
Posts: 497
Joined: Tue Jan 05, 2021 5:59 pm

Re: BREXIT - Good or Bad ??

Post by FIat Capper » Tue Apr 06, 2021 1:23 pm

All very interesting and only time will tell if the new deals will adequately replace the old deals that we already had as part of the EU.

I'm still puzzled as to why being allowed to land more fish is useful when we can't export it in time? Does the express cover any stories relating to the continued difficulties many businesses are facing in their attempts to get trade to/from the EU member states? A number of SME's are looking at closing because of the increased costs - a real benefit!

The immigration system could be a winner, just long as it doesn't replicate the Australian system and bring in even more.

CasRus
Danny Orr
Posts: 1085
Joined: Tue Dec 13, 2016 6:28 pm

Re: BREXIT - Good or Bad ??

Post by CasRus » Tue May 04, 2021 2:24 pm

The big one! Brexit trade agreement with India could pave way for £100 BILLION deal
Ciaran McGrath 3 hrs ago

Mr Johnson unveiled a new £1 billion agreement with India's President Narendra Modi which he says will create 6,500 British jobs, with the two due to formalise arrangements during a virtual meeting today. However, Nayan Gala, co-founder of venture capitalist firm JPIN VCATS, suggested Mr Johnson's announcement had the potential to deliver vastly bigger benefits for both sides.

He said: "It's great to see that the UK and Indian governments have agreed to this trade partnership.

"India is a 21st century powerhouse and the UK-India trading relationship is already worth almost £24 billion, with 383 Indian companies in the UK employing more than 82,000 people."

Mr Gala added: "The ETP will help to fuel economic recovery in a post-Brexit, post-Covid UK and really allow the UK to benefit from the immense growth India is about to experience in the coming decade.

"A free trade deal with India could be as high as £50-100 billion and will open the door to 1.3 billion potential customers for UK businesses, and provide opportunities for business improvement, consolidation, foreign expansion and diversification in a rapidly growing market."

With India currently in the grip of a surge in coronavirus cases, the British Asian Trust has raised over £1.6 million in the last week through its emergency appeal, while BOC Ltd has donated 5,000 empty oxygen cylinders, the first of which were transferred to Chennai today by the Indian Air Force.

Mr Johnson commented: "Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer.

"In the decade ahead, with the help of the new Partnership signed today and a comprehensive Free Trade Agreement, we will double the value of our trading partnership with India and take the relationship between our two countries to new highs."

Alex Ellis, High Commissioner to India added: "Trade and investment between the UK and India is already significant, creating jobs and growth in both countries.

"Today our Prime Ministers have set an ambitious target of doubling trade by 2030 and announcing £1 billion of new trade and investment.

"I will work tirelessly with our Indian friends and partners in the public and private sector to fulfil our leaders' ambition."

The ETP will create immediate opportunities for businesses across industries, including: a commitment for mutual recognition of Seafarers' Certificate of Competency; an independent risk-based decision-making process for suitable listing and re-listing of new and de-listed Indian fishery establishments and phased reduction in shrimp sampling protocol; and a taskforce under a new healthcare pillar which will provide opportunities for Indian nurses and nursing associates seeking to train and work for the NHS.

graphical user interface, website: Narendra Modi© Express Narendra Modi
Trade between the UK and India is already worth around £23 billion a year, supporting more than half-a-million jobs.

The £1 billion package of new UK-India trade and investment includes:
Over £533 million of new Indian investment into the UK, in vital and growing sectors such as health and technology
British exports to India worth more than £446 million. This includes CMR Surgical exporting its next-generation 'Versius' surgical robotic system, which helps surgeons perform minimal access surgery, being rolled out to hospitals in India.
£200 million of these deals will support low carbon growth.
Elizabeth Truss wearing a white shirt: Liz Truss© GETTY Liz Truss
The package of measures announced today will create more than 6,500 new jobs around the UK.

India is on track to be the world's third-largest economy by 2030.

The ETP is intended to double the value of UK-India trade by 2030, as well as signalling the two countries' shared intent to begin work towards negotiations on a comprehensive FTA.

FIat Capper
Dean Widders
Posts: 497
Joined: Tue Jan 05, 2021 5:59 pm

Re: BREXIT - Good or Bad ??

Post by FIat Capper » Tue May 04, 2021 3:14 pm

I've no doubt the break from the EU regulations on standards will allow billions of pounds of cheap tat to flood in...

CasRus
Danny Orr
Posts: 1085
Joined: Tue Dec 13, 2016 6:28 pm

Re: BREXIT - Good or Bad ??

Post by CasRus » Wed May 05, 2021 10:03 am

FIat Capper wrote:
Tue May 04, 2021 3:14 pm
I've no doubt the break from the EU regulations on standards will allow billions of pounds of cheap tat to flood in...
I see you haven't found those rose tinted glasses yet eh Capper !!

I would rather see cheap tat from India arriving to replace the cheap tat from China we have been importing for years while China has enriched themselves to the point of owning a world class military and now about to invade Taiwan and the Phillipines for South China Sea Control while the West has been asleep on the job !!!

We need Eastern friendly countries who are pro UK and have a significant clout in being a progressive country and where we have the chance to export to a huge population of our own tat as once China launch themselves into military action as to what it is now looking like, we will need these surrounding countries in trying to contain them !!!

Strategically, this trade deal has more importance than you seem ready to accept Capper !! Very Short Sighted on your part !!!

FIat Capper
Dean Widders
Posts: 497
Joined: Tue Jan 05, 2021 5:59 pm

Re: BREXIT - Good or Bad ??

Post by FIat Capper » Wed May 05, 2021 12:06 pm

Strategically, we've been close allies with India for many years and co-operated on many things, including trade. sadly, they (Indian) has and continues to develop it's manufacturing industry, along the lines of China's, so financially, we may suffer in the long-term.

they may be some benefit from great investment in our own 'Green Industries' so tat we can start to export these to the third world/South Asia/Africa but they will copy and develop the technology to suite their ends.

I welcome trade with India but it has nothing to do with Brexit.

CasRus
Danny Orr
Posts: 1085
Joined: Tue Dec 13, 2016 6:28 pm

Re: BREXIT - Good or Bad ??

Post by CasRus » Wed May 05, 2021 4:55 pm

FIat Capper wrote:
Wed May 05, 2021 12:06 pm
Strategically, we've been close allies with India for many years and co-operated on many things, including trade. sadly, they (Indian) has and continues to develop it's manufacturing industry, along the lines of China's, so financially, we may suffer in the long-term.

they may be some benefit from great investment in our own 'Green Industries' so tat we can start to export these to the third world/South Asia/Africa but they will copy and develop the technology to suite their ends.

I welcome trade with India but it has nothing to do with Brexit.
It's got everything to do with Brexit Capper !! You are totally deluded if you think we would have got this still being within the EU !!

And here's another trade deal which is also on the drawing boards as a major potential for emboldering the fortunes of the UK which you can now try to diss as per your usual pessimistic response :-

New Zealand trade deal: Liz Truss eyes up ANOTHER mega agreement - new update
Dan Falvey, Political Correspondent 4 hrs ago

Elizabeth Truss sitting at a table: Liz Truss has agreed to intensify talks with New Zealand© PA Liz Truss has agreed to intensify talks with New Zealand
International Trade Secretary Liz Truss this morning held a phone call with her New Zealand counterpart to try and add fresh momentum to negotiations after talks stalled.

The UK was hoping talks could have been wrapped up by Easter but the pace of progress has since slowed.

Those close to the talks described the phone call between Ms Truss and New Zealand Minister for Trade and Export Growth Damien O'Connor as "positive".

Officials say the talks will intensify with the chief negotiators meeting on a monthly basis.

The next round of formal negotiations have been set for the start of June, with a further round of talks already scheduled for in July.

Officials said both sides "committed to accelerating the process" in the phone call and were hopeful of finalising an agreement in the coming months

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