×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 26 December, 2020

  • 8 Min Read

Analysis of Brexit Trade Deal

Analysis of Brexit: Limits of sovereignty

GS Paper II International issues (UPSC Mains 2021)

For complete analysis about Brexit and the Trade Deal: click here

  • The tariff­free trade accord in goods that the U.K. and the EU signed on 24 Dec 2020, days before the post­Brexit transition expires, should mitigate somewhat the consequences of Britain’s narrow decision, in 2016, to leave one of the largest trading blocs.
  • This averts a catastrophic ‘no deal’ scenario.
  • The country now faces a potential 4% loss of GDP over 15 years, compared to remaining in the EU. Leaving without any agreement would have led to a potential loss of 6% of GDP, estimates the fiscal watchdog.
  • UK was reliant on the EU for about 75% of food product imports. Hence there is the significance of zero duty trade for consumers and the retail economy.
  • The tariff­free access to Europes single market has been realised in exchange for guarantees that Britain would not undercut EU competition rules and environmental regulations.
  • Among the more contentious issues in the talks, the arrangement allays apprehensions about the potential economic threat from the “Singapore­on­Thames” growth model the U.K. might pursue outside the EU.
  • There is now a five­and­a­half­year transition period that guarantees continued access for the affected EU states. The reduced terms for the latter are expected to help British fisheries.
  • A major challenge now would be to keep border checks and red tape to the minimum, besides ensuring that supply chains are not unduly disrupted. U.K. businesses have given a cautious welcome to the agreement, which has left the EU market in services out of its purview, requiring Britain’s pre­eminent financial services sector to negotiate ad hoc measures with European counterparts.

Source: TH


Anti-Defection Law in India

The Supreme Court of India recently gave a final three-week deadline to the Telangana Assembly Speaker to decide pending disqualification petitions against defecting MLAs under the Anti-Defection Law. What is the Anti-Defection Law? The Anti-Defection Law was introduced through the 52nd Amendment (1985), which added the Tenth Schedule to the

Rat-Hole Mining

A major disaster unfolded in East Jaintia Hills, Meghalaya, when at least 18 workers died following an explosion in an illegally operating rat-hole coal mine. This incident highlights the continued prevalence of rat-hole mining despite bans imposed by the National Green Tribunal (NGT) and the Supreme Court of India. Rat-hole mining is driven

India’s Aviation Sector

India’s aviation sector has grown rapidly, becoming a major economic success story. However, regulatory oversight has not evolved at the same pace. Data-driven monitoring of fares and market behavior is essential to ensure fair competition, prevent market abuse, and shift from reactive crisis management to proactive regulation. Challen

Federalism in India

Recently, a high-level committee on Union–State relations submitted its first report to the Government of Tamil Nadu. The report examines the distribution of powers and responsibilities between the Union and the States, highlighting ongoing debates regarding the balance between central authority and state autonomy. This discussion is clos

India–UAE Economic Partnership

The relationship between India and the United Arab Emirates has evolved from a traditional energy-based partnership into a comprehensive economic and strategic relationship. Over the years, strong political trust, growing trade, and expanding investments have transformed bilateral ties into a diversified economic corridor. The economic partnership

DNA

22 Mar,2026

Toppers

Search By Date

Newsletter Subscription
SMS Alerts

Important Links

UPSC GS Mains Crash Course - RAW