The Hindu·4 min read·hard
Global wars are delaying FTA talks, accounting for one-fifth of India’s trade
T
T.C.A. Sharad Raghavan
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Ongoing global conflicts are causing significant delays in India's free trade agreement negotiations with the GCC, Israel, and the Eurasian Economic Union. These regions represent approximately 20% of India's total trade, making the stalled talks a strategic concern.
The ongoing wars in the world have led to various degrees of delays in the negotiations of at least three separate trade deals that India is working on, sources in the government have confirmed. These deals involve countries that cumulatively account for about 20% of India’s total trade.
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