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Eversheds comment: India trade negotiations should set post Brexit benchmark

  • Global
  • United Kingdom

    08-07-2016

    Brexit and the legal implications for businesses

    Commenting on British moves to strike a new trade deal with India in the wake of the EU referendum result, Parmjit Singh, head of the India group at Eversheds, says:

    "Furthering the trading relationship with India has been a priority for the UK for a number of years. Of late, the UK Government has been increasingly frustrated that the EU has not been able to negotiate a trade agreement of its own with the continent, especially around financial services, so this smart move will come as no great shock.

    “It signals to the EU before formal negotiations start that the UK has a number of viable alternative trade options and will run twin trade negotiations with major trading nations concurrently. The Indian Government under the leadership of PM Modi is desperate to show to the world it is open for business and needs to further promote its 'Make In India' policy. As such, the UK has a willing and ready-made partner with which to negotiate and set the benchmark for discussions with other major trade nations like China and the USA."

     

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