Enhanced Trade Partnership

International Trade - Analysing India’s potential free trade agreements with the UK and the EU – Part 2

In the first part of this series (read here), we analysed the prospects and challenges of a potential free trade agreement (FTA) between India and the UK, as a precursor to which, the governments of India and the UK agreed on an Enhanced Trade Partnership last month. Around the same time, the EU also agreed to restart negotiations on a potential FTA with India. In this second part, let’s discuss the prospects and challenges of a potential FTA between India and the EU.
Continue Reading International Trade: Analysing India’s potential free trade agreements with the UK and the EU – Part 2

Analysing India’s potential free trade agreements with the UK and the EU – Part 1

Last month, the UK and the EU separately announced their intention to negotiate a free trade agreement (FTA) with India. This is a significant development, not only from an international trade perspective, but also from geo-politics perspective. For India, FTAs with the UK and the EU have the potential of integrating it with the dominant global value chain of trade, and for the UK and the EU, FTAs with India would not only provide them an enhanced access to one of the largest and fastest growing markets as well as manufacturing hubs in the world, ensuring supply chain resilience, but would also enhance their economic and political influence in the Indo-Pacific region.
Continue Reading Analysing India’s potential free trade agreements with the UK and the EU – Part 1