Brexit not to impact EU-India trade ties

India UK brexit free trade deal

Across the United Kingdom, the CBI speaks on behalf of 190,000 businesses of all sizes and sectors. "This is needed to ensure the confidence of citizens and companies in the fairness of the future arrangements with the United Kingdom".

The CBI said some sectors would benefit from being able to diverge from current European Union rules, but even those sectors would suffer because of the overall harm it believed would be done to the economy by Brexit.

"The experience-based evidence of companies across the country will be essential in the months ahead, as it is critical that negotiators understand the complexity of rules and the effects even small changes can have".

Of the 23 United Kingdom industry and service sectors covered in the report, 18 prefer convergence or alignment for the majority of key business regulations after Brexit, according to the CBI.

The Confederation of British Industry's (CBI) Smooth Operations report seeks to inform Brexit negotiations by outlining where British businesses want to stay close to European Union rules and where they want to break away.

Another important finding is that changes to rules in one sector have significant knock on effects for companies in other sectors and throughout supply chains.

Tom Thackray, CBI Innovation Director, said: "This report comes from the heart of British business".

Michel Barnier has said the United Kingdom must sign up to long-standing regulatory commitments after Brexit to guarantee that it will not cut red tape "to gain competitive advantage".

Former UKIP head of press and now secretary to the Museum of Brexit Gawain Towler said of the initiative Tuesday that there are dozens of academic organisations and bodies devoted to studying the march towards integration, but none looking at the more recent phenomenon of nations distancing themselves from the bloc.

"The Internal Energy Market is a collaborative project with a long-term vision", he explained.

"The agreement on the future relationship with the United Kingdom should include a non-regression clause".

The government has said it wishes to maintain or strengthen environmental rules and standards post-Brexit, has promised to maintain nuclear standards, and hinted it plans to remain part of the ETS until at leats 2020.

Britain's parliament will vote on a formal withdrawal treaty later in the year - covering issues such as the divorce bill and citizens' rights - in a potential flashpoint in the Brexit process.

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