Brexit: What will be the impact on trade relations between Britain and India?

  • Salman Ravi
  • BBC correspondent

Following the post-Brexit deal between Britain and the European Union (EU), the UK has now paved the way for ‘free trade’ with other countries, including India.

On the last day of the year i.e. 31 December, Britain will be formally excluded from the realm of EU trade rules. But now that the agreement has been reached, trade between Britain and the EU will continue without any taxes.

The main focus of the two-thousand-page agreement is now on trade, and traders from the European Union and Britain have breathed a sigh of relief following the tax-free agreement.

India is also closely studying the agreement. By the way, diplomats and international trade watchdogs believe that there is nothing new in the agreement between Britain and the European Union, because even before that there were traders doing business without taxes and they will continue to do so.