Brexit Explained: Reasons, Pros, Cons, Impacts on India

The UK left the European Union on New Year’s eve, after the end of the transition period that maintained the status quo for 11 months after Britain formally left the EU on January 31, 2020. While it would mean that the UK’s reclaiming of national independence from the EU and its rules, several challenges remain for the future to be addressed. The post-Brexit trade deal has brought in new restrictions and left several key issues unresolved, leaving the possibility of tense ties between the UK and the EU.

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