BREXITS IMPACT ON EU & NON-EU COUNTRIES
SHAIK ASIF BASHA
, Dr.C. MALLESHA
BREXIT, EUROPEAN UNION, TRADE, ECONOMY, UK
Trading is the act of how economic partners work together while exchanging certain items. The European Union is based on the 'Free Trade' proposal, a debate raised by 19th-century Economist David Ricardo who first developed the concept of comparative profit when each country produces what is special regardless of its full profits, thus as a result of globalization, and each country benefits as much as possible. Free trade stimulates the economy of the economy and reduces the formation of oligopolies due to market freedom and the ability to trade in a wider market outside their home environment. Less than 10% of EU trade is in the UK. In fact, UK trade should be less than 4% of the global value. After the entire Brexit process is complete, the UK government will be looking to sign a trade agreement with countries outside the EU including the USA, India, China and Australia. While it remains to be seen whether these countries will retaliate and prioritize accordingly. In these countries, the EU is a huge market. The need for research is to understand whether Brexit has a positive or negative impact on global trade. The importance of the research is, however, that it helps to implement new trade policies that help develop and improve UK trade relations. Subsequent research shows that there is a significant impact on the UK in EU countries and other non-EU countries after the start of the Brexit period. Research has shown that trading has had a significant impact among all other factors as a result of Brexit. The study shows comparisons of UK trade with EU countries and NON-EU before and after Brexit which proves that the UK's decision to withdraw from the EU has a negative impact on the overall Brexit goal. Another section of the study also shows that the UK has a positive impact on non-EU countries.
"BREXITS IMPACT ON EU & NON-EU COUNTRIES", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 2, page no.238 - 241, February-2021, Available :https://ijsdr.org/papers/IJSDR2102034.pdf
Volume 6
Issue 2,
February-2021
Pages : 238 - 241
Paper Reg. ID: IJSDR_192932
Published Paper Id: IJSDR2102034
Downloads: 000347397
Research Area: Management
Country: ECIL X ROADS,HYDERABAD, string:TELANGANA, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
