UK Trade with East African Import and Export after Brexit
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This research proposal aims to analyze the influence of East African Import and Export on UK's trade after Brexit. It provides an overview of trade relations, importance of strong trade relation, and ways to mitigate risk factors. The research methodology includes a survey method for data collection.
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RESEARCH PROPOSAL
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Table of Contents TITLE: UK Trade with East African Import and Export after Brexit.............................................4 INTRODUCTION...........................................................................................................................4 1.1 Overview and background....................................................................................................4 1.2 Research aim.........................................................................................................................4 1.3 Research Objectives..............................................................................................................4 1.4 Research Questions...............................................................................................................4 1.5 Rationale of research.............................................................................................................5 LITERATURE REVIEW................................................................................................................5 2.1 Chapter overview..................................................................................................................5 2.2 Trade relations of UK outside the EU...................................................................................5 2.3 East African Import and Export trade...................................................................................6 2.4 Importance of strong trade relation of UK outside EU after Brexit......................................6 2.5 Influence of Brexit the UK's trade performance...................................................................7 2.6 Ways to mitigate any risk factors of Export and Import associated with Brexit..................7 RESEARCH METHODOLOGY.....................................................................................................7 3.1 Chapter Overview.................................................................................................................7 3.2 Research philosophy.............................................................................................................8 3.3 Research approach................................................................................................................8 3.4 Research method...................................................................................................................8 3.5 Data collection method.........................................................................................................9 3.6 Data analysis methods...........................................................................................................9 3.7 Research Limitation............................................................................................................10 3.8 Ethical consideration...........................................................................................................10 CONCLUSIONS............................................................................................................................11 GANTT CHART...........................................................................................................................11
TITLE:UK Trade with East African Import and Export after Brexit INTRODUCTION 1.1 Overview and background Trade is basically determined as the economic concept which include buying and selling of products and services between two parties. Trade relations basically means the relationship between two or more countries while exchanging their goods and services with one another in rightful manner. BREXIT is acknowledged as one of the important topic which states that UK hasseparateditselffromEU(Langan,2016).Thishasdirectlyplacedimpactoverthe performance of the UK as the nation have to now focus on developing their trade relations with other nations effectively. The present investigation has been conducted on analysing overall influence of East African Import and Export on UK's trade after BREXIT. In this research, detailed information is provided on the presented topic. For this, researcher has developed appropriate research aim, objectives and questions which will provide guidance to researcher on this topic and also helps them out in obtaining research outcome in appropriate manner. 1.2 Research aim The research aim for the current study is âTo analyse influence of East African Import and Export over UK trade after Brexitâ. 1.3 Research Objectives ï·To analyse trade relations of UK outside the EU. ï·To evaluate East African Import and Export trade. ï·To determine importance of strong trade relation of UK outside EU after Brexit. ï·To evaluate how Brexit can influence the UK's trade performance. ï·To provide proper recommendation to mitigate any risk factors of Export and Import associated with Brexit 1.4 Research Questions ï·Explain trade relations of UK outside the EU? ï·How East African enterprises Import and Export trade? ï·What is the importance of strong trade relation of UK outside EU after Brexit? ï·How Brexit can influence the UK's trade performance?
ï·What are the ways to mitigate any risk factors of Export and Import associated with Brexit? 1.5 Rationale of research Th main motive of choosing this research theme is to find out develop understanding over the Brexit and its influence trade relations of UK with East African import and important. Apart from this, investigator has personal interest on this topic as he/she has read about it past and also wants to develop their knowledge on same. The another motive of conducting this research is to enhance range of skill of investigator in rightful manner. This includes communication skills, research skill, analytical skill and other skills. Development of these skills will help investigator in conducting more effective research in the near future. LITERATURE REVIEW 2.1 Chapter overview Literature review is determined as scholar paper which presents detailed information on the particular topic from different viewpoints. In this section, investigator gathers information from several books, Journals, online articles and other published data in which different authors hasexpressedtheirviewpointseffectively(RazzaqueandVickers,2016).Forpresent investigation,researcherhasmadeuseofdifferentauthorsinordertodeveloptheir understanding over trade relations between UK and East African import and export. Overall information developed on this topic are stated as below in detailed manner: 2.2 Trade relations of UK outside the EU On the basis of viewpoint expressed byJafari and Britz, (2020),UK trade performance is very significant which depicts that the respective company performs its trading activities outside the EU. At present stake, the respective company is having more number of options in which they can easilyenhance their trade in rightful manner. UK trade relation with Association of South east Asian Nations (ASEAN) can be become worse post Brexit. This is so because the respective nation is connected with ASEAN through Brexit only. This will directly create difficulty for the nation in future as they were not having direct relationship with one another. In context to UK, it can be said that the respective nation could indulge into formal agreement post Brexit with the ASEAN in order to initiate free flow trade effectively. Apart from this, it can be further said that UK will be required to disentangle their relationship with World Trade
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Organisation (WTO) membership from UK. The main reason behind this was that it involves negotiation the terms of its commitment with relation to trade in services and merchandise. This could take some time as the WTO operates by consensus. In terms of formal partnerships with ASEAN, the UKâs options consist of the three partnership categories set out in the ASEAN Charter. In addition, it has later been explored that ASEAN-UK FTA is another dependent option for UK which could provide them range of profits in the near future. 2.3 East African Import and Export trade From the views expressed byAnderson and Wittwer, (2018), East African community is mainly consist of Burundi, Kenya, Rwanda, Tanzania, South Sudan and Uganda. East African import and export structure have been changing with the passing time. It has been analysed that primary product share of East African are changing with the passing time. It has declined from approx 53% to almost 44 per cent from the year 2004 to 2012. Apart from this, it has been analysed that common market policies of EAC has placed positive impact over intra regional trade which provided growth opportunity to the included nations in effective manner. In addition to this, it can be further said that import and export of East African nations are mainly performed through regional integration which simply means that they can obtain range of benefits from this integration. The main benefit among them was it basically promotes higher level of growth as well as productivity in effectively. https://www.trademarkea.com/news/countries-that-trade-together-grow-together/ 2.4 Importance of strong trade relation of UK outside EU after Brexit According to the perception given byHenökl, (2017)After getting free from Brexit, UK is now focusing on developing its relations with other nations in order to incorporate its trade related activities in lucrative manner. There are range of options like EFTA countries, a custom union agreement, WTO option etc. available for UK post Brexit. These options directly provides range of benefits to UK as they are completely free to work with any of their favourite nations. It can also be said that UK is already having strong relations with many of the nations which supports UK in maintaining their trade flow (Brexit scenarios for the UK, EU, and global trade relations, 2020). Along with this, it can be further said that this positive relation directly supports UK in improving their national economy and develop themselves in the smoother manner. Also, strong trade relation with other countries helps UK developing themselves and continuing their
business activities effectively. Also, Brexit referendum will also not place impact over its employment rate too. 2.5 Influence of Brexit the UK's trade performance As views presented byCurran, (2018),BREXIT has directly placed influence over the trade performance of UK. This is so because, in the past UK was getting extra support from the EU in terms of labour. This simply means that UK was easily getting skilled and semi skilled workforce from other EU associated countries but after Brexit it became difficult for UK manage its work as they are not getting cheaper labour. Along with this, it has been later analysed that news of Brexit has also influenced existing workforce belonging to EU to quit their work and move to native country as they are in fear that they might loose their job in the future after execution of Brexit referendum. On the other hand, it has been analysed the influence was quite positive for UK too as they are having more number of options from external EU countries. This is so because, now UK is not restricted to EU and can easily approach to other countries for enhancing their business performance and attaining success in rapid manner. 2.6 Ways to mitigate any risk factors of Export and Import associated with Brexit On the basis of perception presented byRoy and Mathur, (2016)there are range of risky factors which are faced by Export and Import associated with the Brexit. This simply means that nations associated withthis are required to take initiative in order to overcome these problems in rightful manner. The first and foremost way to mitigate these risks is the establishment and adherence of common polices. This will directly make it easier for the companies in this to execute their business performance in rightful manner. At next, it can be further said that they will be required to make law which will state that every import and export of goodswill be execute by placing goods in Warehouse only. This will reduce chances lack of products that might take place in future. RESEARCH METHODOLOGY 3.1 Chapter Overview Researchmethodologyisdeterminedastheeffectiveframeworkwhichprovides description on different methods that have been used by investigator while conducting current researchinappropriateform.Italsospecifiesseveraltoolsandtechniquesacquiredby investigator at the time of gathering, analysing, interpreting and concluding overall information
in order to attain proposed research outcome in best manner. The respective section provides overall guidance to researcher as well as whole team to adopt which method that is beneficial for them. This section consist of range of methods which are stated below effectively: 3.2 Research philosophy Research philosophy mainly provides assistance to the researcher about overall way in which they have to perform their research in effectively. Interpretivism and positivism are determined as two main kind of research philosophy that are being used by researchers according to their research type. With reference to the current study conducted on the topic âUK Trade with East African Import and Export after Brexitâ, it has been analysed that investigator has made use of Interpretivism kind of research philosophy. The main reason behind choosing this type is that it covers human perception while obtaining research outcome effectively. 3.3 Research approach It is mainly stated as the procedure which includes range of steps that are followed by researchers at the time of conducting research in best form. These methods simply contributes in conducting effective research that is valuable for the one for whom it is being conducted. There are mainly two forms of research approach that is inductive as well as deductive. For conducting present research inductive research has been taken into consideration. The reason behind choosing this form of research approach is that investigator can easily draw valid outcome by taking support from the different concepts and theories. It is also considered as the theoretical framework which contributes in obtaining meaningful outcome of research problem. 3.4 Research method It is acknowledged as the effective process through which investigator can easily obtain research outcome in systematic manner within the provided time frame. This also provides instruction to researcher to perform all research activities in the disciplinary form. Research methods are of many types such as case study, survey, experiments, action research, grounded theory and others. In context of present investigation, it has been determined that researcher has made use of Survey method in which questionnaire has been selected specifically by researcher. Questionnaire is determined as the set of questions which are mentioned in single document or paper. These questions are further given to respondents who will fill it effectively by their own understanding in rightful manner.
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3.5 Data collection method Datacollectionreferstotheeffectivemethodthroughwhichinvestigatorgathers information and obtains proposed research outcome in effective form. Here, there are mainly tow methods that primary as well as secondary through which investigator gathers information. In primary method data is directly gathered by investigator with one to one interaction. Whereas, in secondary method investigator gathers information from already conducted research or other published material. Secondary method has numerous of sources like books, journals, online articles, newspapers, online articles etc. through which investigator can easily approach required information. Primary methods has range of sub methods like questionnaire, interviews, focus groups, observation, documents/reports etc. For conducting present research in adequate form research will make use of questionnaire method as the main primary method. This questionnaire will be further given to the chosen respondents who will provide information over the topic by filling this questionnaire effectively. The main reason behind choosing this method is that investigator can easily gather bulky information from the chosen respondents can also attain proposed outcome in quicker manner. For this research around 50 respondents will going to be selected. Sampling is explored as adequate process through which investigator select few people as its sample population from overall population. For choosing sample population investigators makesuseofprobabilisticandnonprobabilistictypeofsamplingmethod.Forcurrent investigation conducted on the topicUK Trade with East African Import and Export after Brexit, investigator makes use of probabilistic sampling method. The main reason behind choosing this method is that it provides equivalent opportunities to all individuals to become part of the research. In probabilistic methods, random sampling method would be chosen by the investigator in appropriate form. 3.6 Data analysis methods It is determined as the method through which investigator analysis overall gathered information in appropriate form. Data analysis methods are generally of two forms that is qualitative and quantitative. Qualitative method basically provides support to investigator to make use of information developed different authors and other people on the same topic. This also allows investigator in enhancing their own knowledge as they considers different opinion before drawing valid outcome. On the other hand, qualitative method is basically seen as the method in which outcome is mainly drawn by investigator by making use of several numerical as
well as statistical method. This method is highly supportive in obtaining project outcome with accuracy. Also, this makes work of investigator more simpler and contributes in drawing valid outcome within the provided time frame. In context of present investigation conducted on the topicUK Trade with East African Import and Export after Brexit,it has been determined that researcher will make use of qualitative form of research method. The main reason behind acquiring this method is to obtain proposed research outcome with the human based perception. This is so because, if investigator wont make use qualitative method then it won't be possible for them to cover human viewpoint in the proposed research outcome. 3.7 Research Limitation UK Trade with East African Import and Export after Brexit is acknowledged as the broader topic that requires huge time to gather information on the same topic in detailed manner. This investigation was highly time consuming as it includes range of activities. From overall analysis, it can be said that provided time for this investigation was not that much sufficient as it is not easy for investigator to gather required information on the same topic in effective manner. Along with this, it might also make options limited for the investigator as they do not have adequate time to approach required sources in order to gather information in effective manner. In ordertohandleoverallinformationinadequatemannerresearcherwillmakeuseof questionnaire with the motive of gathering required information in quicker manner. 3.8 Ethical consideration Ethical consideration is acknowledged as the essential part of every investigation. This simply states every participants will not get harmed in any case at the time of conducting research. Along with this, it is highlyimportant for the investigator to maintain dignity of the research and ensure that overall data which has been gathered by investigator will be secured. Along with this, this information will be used for research purpose only. It can be further said that researcher must take permission from its sample population each and every time before using their personal information for research purpose. Researcher will also use only authenticate sites and links at the time of gathering information from the online medium for literature review section. This simply helps investigator in obtaining research outcome with secured medium. Also investigators are required to complete whole in appropriate manner within the provided time frame only by making use of available resources in optimum manner.
CONCLUSIONS From the overall information, it has been analysed that BREXIT has highly affected trade relations of UK as the respected nation has to now focus on developing their relationship with the other zones. GANTT CHART Gantt chart is acknowledged as the graphical representation of the overall project schedule. It directly provides clear information to investigator about the starting and finishing time of each and every activity. This chart plays a good and effective role in every investigation as it ensures that each and every activity of the research will going to be accomplished within the provided time frame. In order to conduct present research in adequate manner investigator will developed an effective Gantt chart. This Gantt chart has covered each and every along with the dates. This graphical Gantt chart has been stated as below:
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REFERENCES Books and Journals Anderson, K. and Wittwer, G., 2018. Cumulative effects of Brexit and other UK and EUâ27 bilateralfreeâtradeagreementsontheworldâswinemarkets.TheWorld Economy,41(11), pp.2883-2894. Busch, B. and Matthes, J., 2016.Brexit-the economic impact: A meta-analysis(No. 10/2016). IW-Report. Curran, L., 2018. The impact of Brexit on global value chains and trade governance.Navigating Uncertainty: Towards a Post-Brexit Trade and Development Agenda, pp.31-40. Henökl, T., 2017.Brexit: impact, risks and opportunities for European development policy(No. 8/2017). Briefing Paper. Jafari,Y.andBritz,W.,2020.Brexit:aneconomy-wideimpactassessmentontrade, immigration, and foreign direct investment.Empirica,47(1), pp.17-52. Kohnert, D., 2019. The Impact of the EU--MERCOSUR Deal on Africa in Times of Resurging Protectionism.Available at SSRN 3447164. Langan, M., 2016. Brexit and trade ties between Europe and Commonwealth states in sub- Saharan Africa: Opportunities for pro-poor growth or a further entrenchment of Northâ South inequalities?.The Round Table,105(5), pp.477-487. Latorre, M.C., Olekseyuk, Z. and Yonezawa, H., 2017. Impact of TTIP: Taking Brexit into account (updated title: Trade and FDI-related impacts of Brexit). Latorre, M.C., Olekseyuk, Z., Yonezawa, H. and Robinson, S., 2019. Brexit: Everyone loses, but Britain loses the most.Peterson Institute for International Economics Working Paper, (19-5). Pera, B., 2017. BREXIT AND ITS POTENTIAL EFFECTS ON TRADE BETWEEN THE EUROPEANUNIONANDSELECTEDCOUNTRIES.RocznikiAdministracjii Prawa,17, pp.67-81. Razzaque, M. A. and Vickers, B., 2016. Post-Brexit UK-ACP Trading Arrangements: Some Reflections. Roy, A. andMathur, S.K., 2016. BrexitandIndiaâEUfreetrade agreement.Journal of Economic Integration, pp.740-773. Online BrexitscenariosfortheUK,EU,andglobaltraderelations.2020.AvailableThrough: <https://ihsmarkit.com/research-analysis/brexit-scenarios-for-the-uk-eu-and-global-trade- relations.html>.