Topic
trade impact
Trade Brexit cost 6% of UK economy, Bank of England company data suggests, study finds
A study using internal Bank of England data on thousands of British companies estimates Brexit has cost the UK economy 6% of GDP over a decade. Half the hit came from post-referendum uncertainty, the rest from rising trade barriers after leaving the customs union and single market in 2021. Bank Governor Andrew Bailey acknowledged the negative impact on growth and export markets.
Trade Mixed impact for South Indian plantation exports due to West Asian turmoil: UPASI
The West Asian conflict has had sharply contrasting effects on South Indian plantation exports, according to UPASI. Tea exports to the region plunged 41% while cardamom exports surged 216% due to supply shortages in Guatemala. Pepper remains highly exposed, but coffee is largely insulated.
Trade MSME Ministry Reviews West Asia Crisis Impact on Trade
The Indian MSME Ministry, led by Minister Jitan Ram Manjhi, is reviewing the impact of the West Asia crisis on small businesses. The focus is on supply chain disruptions, raw material availability, and export-import challenges.