Post-Brexit trade relations in European Union: Implications for Pakistan
9:00 am to 12:30 pm
SDPI's Seminar Hall
The International Monetary Fund chief economist, Mr. Maurice Obstfeld notes that 2018 posted the strongest global economic growth since 2011. The world is starting to recover from the effects of global financial crisis. However, according to the IMF, risks to global recovery and growth still remain and the rise in trade barriers will harm financial markets and may also lead to disruption of global supply chains and diffusion of new technologies across the world.
Unfortunately all this is happening at a time when global investors are closely watching the UK and EU trade negotiations as part of the Brexit. Trade experts suggest that in the short run UK is bound to see lower levels of trade and growth as non-UK production houses would need to finalize their relocation, licensing and future investment decisions. Already the uncertainty around Brexit has brought costs in terms of reduced business confidence and hike in inflation in UK and the region.
- Ms. Farzana Yaqoob, Former Minister for Social Welfare & Women’s Development, Government of AJ&K
- Dr. Pál Belényesi, Managing Director, Brussels Consulting, Brussels
- Mr. Wasim Khokhar, President, Bridging Trade International
Watch live at: http://sdpi.tv/live.php