ICAI signs MoU with ICWAI: What does it mean in the Post-Brexit era?

​​​​​​​The Union Cabinet has approved signing of MoU between the Institute of Chartered Accountants of India (ICAI) and The Institute of Chartered Accountants in England & Wales (ICAEW) which is surely to boost the morale of Indian Chartered Accountants.

source https://www.caclubindia.com/articles/icai-signs-mou-with-icwai-what-does-it-mean-in-post-brexit-era-49140.asp