Lok Sabha Question No. 869 (UNSTARRED), answered on 2016-11-21
Subject: Impact of Brexit on India's Trade
Ministry: COMMERCE AND INDUSTRY
Asked by: RABINDRA KUMAR JENA, DHARAM VIRA GANDHI

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 869

## TO BE ANSWERED ON 21 st  NOVEMBER, 2016

## IMPACT OF BREXIT ON INDIA'S TRADE

## 869.  SHRI RABINDRA KUMAR JENA: SHRI DHARAM VIRA:

Will the Minister of COMMERCE & INDUSTRY ( वाͨणÏय एवं उɮयोग मंğी ) be pleased to state:

- (a) the details of India's volume and component-wise share of trade with the European Union as a whole including Britain and with Britain separately for the last five years;
- (b) the extent to which the recent exit of Britain from the European Union is likely to affect India's trade with the Britain and the rest of the European Union;
- (c) the measures which have been taken to protect any instability or uncertainty which may arise from the Brexit in our trade sector; and
- (d) whether  the  Indian  businesses/  industries  located  in  the  UK  are  being  focused  as  they stand  to  lose  out  on  preferential  access  to  EU  markets  and  the  advantages  of  importexport tariff  barriers  that  they  once  enjoyed  and  if  so,  the  steps  taken  to  address  such issues?

## ANSWER

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## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE) (SMT. NIRMALA SITHARAMAN)

- (a): The details of India's volume and component wise share of trade with the European Union as a whole including Britain and with Britain separately for the last five years are given overleaf.

(b)  to  (d):  Any  impact  on  India's  trade  with  United  Kingdom  and  the  rest  of  European Union, the measures required to tackle likely uncertainty in trade, impact on preferential access  to  EU  markets,  change  in  import-export  tariff  barriers,  after  the  process  of separation  is  completed  subject  to  invocation  of  Article  50  of  the  Lisbon  Treaty,  are dependent  on  the  final  terms  and  conditions  of  UK's  withdrawal  arrangement  with  the European Union.  .

******

(Value in US$ Million)

| Component   | Country Group                            |   (2011-12) |   (2012-13) |   (2013-14) |   (2014-15) |   (2015-16) |
|-------------|------------------------------------------|-------------|-------------|-------------|-------------|-------------|
| EXPORT      | EU including Britain                     |    52670.9  |    50555.6  |    51722.2  |    49491.7  |    44573.7  |
| EXPORT      | Britain                                  |     8589.93 |     8612.54 |     9779.47 |     9319.73 |     8828.71 |
| EXPORT      | India's Total Export                     |   305964    |   300401    |   314416    |   310352    |   262290    |
| EXPORT      | EU share in Total Export (%)             |       17.21 |       16.83 |       16.45 |       15.95 |       16.99 |
| EXPORT      | Britain Share in Total Export (%)        |        2.81 |        2.87 |        3.11 |        3    |        3.37 |
| IMPORT      | EU including Britain                     |    56554.1  |    52294.2  |    49962.2  |    49236.4  |    43934.1  |
| IMPORT      | Britain                                  |     7130.41 |     6294.09 |     6045.22 |     5018.28 |     5192.54 |
| IMPORT      | India's Total Import                     |   489319    |   490737    |   450214    |   448033    |   381007    |
| IMPORT      | EU share in Total Import (%)             |       11.56 |       10.66 |       11.1  |       10.99 |       11.53 |
| IMPORT      | Britain Share in Total Import (%)        |        1.46 |        1.28 |        1.34 |        1.12 |        1.36 |
| Total Trade | EU including Britain                     |   109225    |   102850    |   101684    |    98728.1  |    88507.8  |
| Total Trade | Britain                                  |    15720.4  |    14906.6  |    15824.7  |    14338    |    14021.2  |
| Total Trade | India's Total Trade                      |   795283    |   791137    |   764629    |   758385    |   643297    |
| Total Trade | EU share in India'sTotal Trade (%)       |       13.73 |       13    |       13.3  |       13.02 |       13.76 |
| Total Trade | Britain Share in India's Total Trade (%) |        1.98 |        1.88 |        2.07 |        1.89 |        2.18 |

(Source: DGCIS)