5 years after World War II, the European Union was formed. The biggest objective was to establish peace. The association in fact born between France and Germany in 1950, according to which there was an agreement between both countries that in the future they will not attack against each other.
Seven years later with the Rome treaty world saw the birth of the European Union. In 1973 the UK was also get involved. Further expansion of the Union involved two more countries who attended the meeting. There are a total of 28 countries now in the EU.
How does the EU Works?
To run the European Union four main departments have been created. Including the European Commission, European Parliament, European Council, and the court.
Why United Kingdom left EU ?
The British Government has already said that he had enough by 2017 will host a referendum in which the country will be asked to stay in the EU or not. Several EU Earlier Britain had distanced itself from the decisions.
We would like to mention here, European Union member countries are required to work as a single market under the same administrative system. In which all the citizens of all countries have similar rules.
Even at the best of times Britain has always been a semi-detached member of the EU. The first post-war Labour governments turned down the opportunity to participate in the negotiations that led to the birth of the forerunner of the EU in the early 1950s. Since then Britain has often been more sceptical of the European project than committed to it; the country has been called “the awkward partner”.
How Britain’s (UK) separation will be beneficial for India?
Experts have different opinions on this matter. However it can also be divided into short-term losses and long-term benefits. Britain is now separated from the EU for a short time It can have a negative effect on the economy of India. The Indian Rupee can be broken against dollar. UK works as an opening gate for India’s trade in the European Union. Its impact can be seen in the IT sector.
But In terms of the time to come business and job prospects will have positive impact in India. EU immigration rules and restrictions are well known in the business world. Britain’s separation confirmed that at least these rule will not apply there. Therefore it will create better business and job prospects in the coming round. Hence in this prospect this decision will be good for India.
Other than that India is emerging as a major market for the countries around the world. After separating from European Union UK will definitely turned to India. In addition to that The strict labor laws of EU’s will also removed and and a large number of Indian workers may go to UK to seek employment.