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Reckitt's CEO Calls On UK To Stabilize Trade Ties

November 16, 2016: 12:00 AM EST
Reckitt Benckiser’s CEO, Rakesh Kapoor, is warning the UK to stabilize and strengthen its trade arrangements with other countries as Brexit threatens to jeopardize the economy’s growth prospects. He was talking in the context of the UK’s ties with India, during a trade trip to the country accompanying British Prime Minister, Theresa May. Kapoor sees India as a natural trade partner for the UK, because of the historic ties as well as shared values. India is also one of the biggest investors in the UK, and vice versa. There are sticking points, however, including issues around freer movement of people between the countries. Kapoor also highlighted the problems that emerged recently around rising prices in the UK caused by the plunge in sterling. He said that UK companies will need to find a way of passing on cost increases to consumers, and that will require innovation to continue to deliver value. He also talked about the vagaries of the current economic climate, where growth around the world is being challenged both in developed and developing regions, and the need to focus on those markets where it knows the growth fundamentals are strongest, such as the two huge markets of China and India.
"Stronger Indo-UK Trade Ties Crucial to Ease Brexit Woes: Reckitt", Money Control, November 16, 2016, © e-Eighteen.com Ltd.
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