US EditionThe India–EU trade deal is worth watching, but not overhyping
5 Articles
5 Articles
Why India’s EU Trade Deal Is About the Future, Not Quick Gains
The recently concluded India–European Union Free Trade Agreement (FTA) should be seen as a long-term enabler of India’s growth rather than a source of immediate consumer benefits, Anil Padmanabhan, economic journalist and editor of Capital Calculus said in an interview, describing the pact as a “benchmark moment” in India’s economic evolution. Padmanabhan argued that trade […] The post Why India’s EU Trade Deal Is About the Future, Not Quick Ga…
Europe proves it can act strategically as India deal seeds future growth
As the Mercosur deal showed, it’s important not to be overly optimistic just at the moment of trade deal agreements. Ratification and implementation can be cumbersome processes. The pact is expected to be formally signed after legal vetting, a process that could take several months. Once the Council has adopted the agreement, the EU and India can sign it. Next, it will require the European Parliament’s consent before it can be applied. Swift act…
India now needs to consider its next step: initiating a dialogue with Beijing, taking into account its security concerns. Years of hostility and China's anti-India stance, as well as its hegemonic ambitions, have naturally created a deep distrust. However, circumstances now favor a reconsideration of whether the current distance is in the mutual interest of both countries. A "middle path" approach justifies exploring areas of cooperation, especi…
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