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UK Trade with East African Import and Export after Brexit

   

Added on  2023-01-05

49 Pages18035 Words62 Views
FinanceLeadership ManagementProfessional DevelopmentData Science and Big DataLanguages and CultureCalculus and AnalysisEnvironmental ScienceEconomicsPolitical ScienceLaw
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UK Trade with East
African Import and
Export after Brexit
UK Trade with East African Import and Export after Brexit_1

Table of Contents
Research Topic: UK Trade with East African Import and Export after Brexit...............................1
Chapter 1: Introduction....................................................................................................................1
1.1. Background of the study..................................................................................................1
1.2. Aims and objectives........................................................................................................1
1.3. Rationale for selection of topic........................................................................................2
1.4. Research questions..........................................................................................................2
1.5. Significance and limitation of research...........................................................................2
Chapter 2: Literature Review...........................................................................................................2
2.1. Introduction.....................................................................................................................2
2.2. To analyse trade relations of UK outside the EU............................................................2
2.2. To evaluate East African Import and Export trade..........................................................2
2.3. To determine importance of strong trade relation of UK outside EU after Brexit..........2
2.4. To evaluate how Brexit can influence the UK's trade performance................................2
2.5. To provide proper recommendation to mitigate any risk factors of Export and Import
associated with Brexit.............................................................................................................2
Chapter 3: Research methodology...................................................................................................2
3.1. Introduction.....................................................................................................................2
3.2. Research philosophies.....................................................................................................3
3.3. Research approach...........................................................................................................3
3.4. Research strategy.............................................................................................................3
3.5. Choices of method...........................................................................................................3
3.6. Time Horizons.................................................................................................................3
UK Trade with East African Import and Export after Brexit_2

3.7. Data collection and analysis............................................................................................3
3.8. Cost, Access and Ethical consideration...........................................................................5
Chapter 4: Data analysis and interpretation.....................................................................................5
4.1. Introduction.....................................................................................................................5
4.2. Data analysis....................................................................................................................5
4.3. Interpretation of data.......................................................................................................5
Chapter 5: Discussion on Research findings...................................................................................5
Chapter 6: Conclusion and recommendation...................................................................................5
6.1. Conclusion.......................................................................................................................5
6.2. Recommendation.............................................................................................................5
Chapter 7: Reflection.......................................................................................................................5
REFERENCES................................................................................................................................5
UK Trade with East African Import and Export after Brexit_3

Research Topic: UK Trade with East African Import and Export after Brexit
Chapter 1: Introduction
Brexit is defined as the removal of United Kingdom from the European Union and the
European Atomic energy community. It is one of the most important decisions that have impact
upon trading performance operation as well as practices. Brexit have significant impact upon
economic performance of United Kingdom as it imposes number of laws and regulations which
is essential for United Kingdom to abide in order to conduct their trading operations in an
effective manner. Economic concept is mainly related to buying and selling of products services
and goods among two or more parties. It has been determined that after brexit there are a number
of rules and regulations what are required to be abide by United Kingdom in order to ensure
smooth trading relationship. However with the help of taking advantage of free trading
agreement with other Non-EU countries UK can enhance their economic performance and can
access their economic growth in a well define effective manner. According to the analysis it is
essential for organisations in the provinces of United Kingdom to take advantage of different
type of economic growth and trading practices as well as strategy in order to strengthen trading
relationship. Along with this UK is also required to determine those countries with whom they
can conduct free trading operations can enhance their economic growth and can assure smooth
transfer of goods and services in an effective manner. This will allow United Kingdom to
strengthen their relationship with more effectiveness. It is having significant impact upon trading
relationship of UK this it is important for country to enhance that reading relationship
effectiveness outside EU after brexit in order to determine the risk factor and overcome them in
effective manner.
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UK Trade with East African Import and Export after Brexit_4

1.1. Background of the study
The term Brexit is used to represent the withdrawal and exist of the United Kingdom (UK)
from the European Union (EU) as well as from the European Atomic Energy Community (EAEC
or Euratom) which was finalised and taken place on 31 January 2020. Thus, Brexit is taken as
one of the crucial and important topic which lead significant level of impact on trading prcatises
and overall economical performance of UK. Further, trade is an economical concept which
basically represent and reflects the buying and selling of goods, products and services among
two or more parties. Apart from this, trade all comprises of existing relationship between two or
more foreign countries that are exchanging and sharing goods and services across and beyond the
domestic boundaries lines of their country. Thus, an analysis can be made that the level of trade
between any countries is highly influence and impacted by the political and economical
relationship existing between two nations.
It is essential for companies in the provinces of United Kingdom to undertake and consider
different strategies for survival and economic growth in a post brexit world. Along with is it is
essential to effectively emphasise upon UK future trading relationship with the European Union,
as it has been underlined that brexit will lead hard impact upon major key sectors that include
UK manufacturing, healthcare, consumer goods industries, technology, automotive and more. It
has been underlined that after brexit there will be many custom and tariff changes being faced by
organisations. Thus, it is crucial to evaluate the issues for the business community that include
the impact of non tariff barriers that will have on post-brexit Britain. With the help of this stable
economic growth and effective business operations can be assured. Present report is conducted
on the am analyse influence of East African import and export over to trade after brexit deal.
This report include certain objective that involve evaluation of trade relation of UK outside the
EU East African import and export trade, importance of strong trade relation of UK outside EU
after brexit and the manner in which brexit influence UK trade performance. Along with this
report include research question, literature review, and research methodology and data collection
method. In addition to this data analysis and interpretation, discussion on research findings and
conclusion and recommendation are being discussed in present research report.
1.2. Aims and objectives
Research aim
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The research aim for the current study is “To analyse influence of East African Import
and Export over UK trade after Brexit”.
Research Objectives
Following are the main research objectives that are evaluated and analysed through
current investigation:
To analyse trade relations of UK outside the EU.
To evaluate East African Import and Export trade.
To determine importance of strong trade relation of UK outside EU after Brexit.
To evaluate how Brexit can influence the UK's trade performance.
To provide proper recommendation to mitigate any risk factors of Export and Import
associated with Brexit
1.3. Rationale for selection of topic
Present research is being conducted on UK trade with East African import and Export after
brexit. It has been identified that after brexit there will be number of exchange in both tariff and
non tariff barriers along with the legislation and laws. This will have significant impact upon
four key manufacturing sectors that include consumer good, healthcare, automotive and
technology. It is essential for economist and business organisations to evaluate the impact of
brexit along with the different factors upon UK domestic market. It has been identified that after
brexit there will be number of standards that are required to be implement by entities in United
Kingdom. Brexit will also lead towards increase in cost of exporting that will affect prize base
for both consumers and suppliers. It is essential for companies to emphasize upon the challenges
and alter their supply chain in order to effectively reduced reliance on the EU. UK with the help
of evaluating source of products from countries with which United Kingdom has free trade
agreement (FTA) is also the one of the most effective factor that will lead businesses to conduct
their operations in effective manner. Present research is having wider scope at it is conducted on
one of the most important topic which is the importance of strong trade relation of UK outside
EU after brexit along with the manner in which brexit have significant impact of trade
performance. With the help of this research in analysis number of positive as well as negative
influence of brexit can be underlined in an effective manner.
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UK Trade with East African Import and Export after Brexit_6

1.4. Research questions
The main question tags which need to get analysed and evaluated under current research
project are provided as follows:
Explain trade relations of UK outside the EU?
How East African enterprises Import and Export trade?
What is the importance of strong trade relation of UK outside EU after Brexit?
How Brexit can influence the UK's trade performance?
What are the ways to mitigate any risk factors of Export and Import associated with
Brexit?
1.5. Significance and limitation of research
Brexit is having significant impact upon the East African Enterprises import and export
trade, it is essential for entities within United Kingdom to effectively evaluate the importance of
strong trade relation of UK outside EU after brexit. In this company with the help of determining
those countries which are having free trade agreement with UK can gain number of advantages
in terms of conducting their business operations with less complex legislation, tariff and non
tariff rates. It has been identified that are brexit is having significant influence upon the UK trade
performance as after brexit if there are a number of changes in administration, legal laws
implementation, legal legislations and other essential aspects that are required to be undertaken.
Present research is having significance as it is conducted on the essential topic which is related to
the importance of strong trade relation of UK outside EU after brexit. This will facilitate to
determine the ways through which entities can mitigate risk factor of export and import which is
associated with brexit. In addition to this is it has been identified that this research involves
number of aspects that allow researchers to effectively have in-depth analysis of importance of
strong trade agreement between UK and other countries in EU. Present study effectively allow
researcher to have proper understanding of the topic.
Scope of the study
The study will define the suggestion and ideas to complying with the importance of strong
trade agreements in addition to this the ways in which risk can be mitigated is also included in
this report. Furthermore, it has been evaluated at present study effectively provide number of
benefits for organisational as well as academic purpose as it is conducted on broader topic which
is basically associated with the importance of strong tradition of UK outside EU after brexit.
4
UK Trade with East African Import and Export after Brexit_7

With the help of this research researcher can further undertake research in this effective manner.
In addition to this it has been identified that this research study will be assistive for organisation
or entities in UK to undertake the ways to mitigate the risk factors of export and import
associated with brexit.
Chapter 2: Literature Review
2.1. Introduction
A literature review duly discusses overviews of books, insightful articles, and some other
sources pertinent to a specific issue, zone of exploration, or hypothesis. It mainly gives a
portrayal, synopsis, and basic assessment of these works according to the examination issue
being researched. Furthermore, it has been evaluated that literature review are intended to give a
review of sources you have investigated while exploring a specific subject in a well define and
effective manner (Wu, 2020). According to the analysis it has been determined that a literature
review place each work in the context of its contribution to understanding the research
problem being studied, effectively describe the relationship of each work to the others
under consideration, identify new ways to interpret prior research and reveal any gaps that
exist in the literature. Furthermore, it has been underlined that a literature review is a survey
of scholarly sources on a specific topic. It provides an overview of current knowledge and duly
allows investigator to identify relevant theories, methods, and gaps in the existing research. Since
literature review is also known as a review that is of narrative in nature and thus great
importance is given to it in this report and appropriate and necessary measures are taken in it
including studying relevant and different types of books, journals, magazines, etc. so that it can
add value to the report in the long run. Apart from this the research problem is analysed and
evaluated in a detailed manner so as to investigate the source of problem in an appropriate way
so that relevant and accurate measures can be taken and implemented which can help to solve the
problem appropriately and that too within a limited period of time with full effectiveness and
efficiency (Adetula and Osegbue, 2020).
2.2. To analyse trade relations of UK outside the EU.
As per the view point of Rollo and Holmes, 2020 the EU-UK Trade and Cooperation Agreement
is mainly conducted between the EU and the UK sets out particular agreements in regions, for
example, exchange products and in administrations, advanced exchange, protected innovation,
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UK Trade with East African Import and Export after Brexit_8

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