Britain left the European Union on 31 January 2020. There will be no immediate outcome, but the intention of all the European leaders is to make it an amicable departure over the course of the year. Ambassador Neelam Deo, Director and Co-founder of Gateway House, discusses Brexit’s geopolitical implications and its impact on India’s relations with the EU and UK
The result of the Brexit referendum is nothing less than a body blow to Bretton Woods organisations, International Monetary Fund-North Atlantic Treaty Organisation (NATO)-World Bank, that originated at the end of the Second World War. The possibility of an Asian century becomes more feasible, if India can be nimble enough to make the most of the opportunity which has presented itself in Europe.
On June 23, the United Kingdom will vote on whether they wish to remain a part of the European Union through the Brexit vote. The debate surrounding the vote has spurred many a heated and emotional debate. While the Indian government has not declared anything publicly - remaining in the EU would be beneficial to Indian businesses.
In the exceptionally divisive general election on May 7 in the UK, no party is expected to win a majority. Smaller parties like the SNP are fragmenting votes and another coalition may emerge, or the Conservatives-Liberal Democrats or Labour may seek outside support. With the Scotland issue adding to the divisiveness, the post-poll scenario is precarious