The socio-economic impact of Brexit on India, Pakistan and Sri Lanka in times of Corona

ABSTRACT & RÉSUMÉ & ZUSAMMENFASSUNG : Following the Brexit, London endorsed a CANZUK union with its former white settler colonies, Canada, Australia and New Zealand. This was meant as valuable alternative to lost EU-market access. In contrast, non-white former British dominions – whether big (like India, Pakistan) or small (like Sri Lanka) were left on their own. The Indian Government perceived the Brexit vote initially as rather unfortunate because it would increase global instability and a weakening of the West. Indian multinationals like ‘Tata’, however, which had invested heavily in Britain as their gateway to Europe, saw Brexit as economic risk. Later-on, New Delhi realised also eventual policy advantages in Britain leaving the EU. The Brexit impact on Pakistan’s economy remained low so far. However, Islamabad would be well adviced to formulate separate policies for post Brexit Britain and the remaining EU-27. Sri Lanka’s economic and political ties with the UK, on the other hand, are considerably stronger than with any EU country. Annual trade with the UK amounted to over 10 %. Therefore, Brexit impacted negatively on the Sri Lankan economy. Changes to strengthen economic relations with the UK to overcome post Brexit challenges were imperative. As for the COVID-19 pandemic, it soon became in all three countries not just a health emergency but also a social and economic crisis. --- RÉSUMÉ : À la suite du Brexit, Londres a approuvé une union CANZUK avec ses anciennes colonies de colons blancs, le Canada, l'Australie et la Nouvelle-Zélande. Cela se voulait une alternative valable à la perte d'accès au marché de l'UE. En revanche, les anciens dominions britanniques non blancs – qu'ils soient grands (comme l'Inde et le Pakistan) ou petits (comme le Sri Lanka) ont été laissés à eux-mêmes. Le gouvernement indien a d'abord perçu le vote sur le Brexit comme plutôt malheureux car il augmenterait l'instabilité mondiale et un affaiblissement de l'Occident. Cependant, des multinationales indiennes comme « Tata ...