Business Standard

Navigating the evolving trade landscape

In an era of shifting trade dynamics, India stands at the crossroads of opportunity, but being adaptable will be key

Trade
Premium

Illustration: Binay Sinha

Ajay Srivastava
World trade is undergoing a profound transformation. The US and EU governments have started emphasising industrial policy over trade policy, prioritising local production and job creation over adherence to World Trade Organization (WTO) rules.

The American government is imposing WTO-non-compliant tariffs and offering significant subsidies to boost domestic production. The EU, meanwhile, is using climate concerns to justify new import barriers.  Open trade carries risks to economic stability and political dominance. That’s the new thinking, leaving trade experts, researchers, and academics puzzled.

Let us understand why these shifts are happening and how India can safeguard its interests in this evolving
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in