OPINION

India losing faith in free-trade deals

News, Mihir Sharma, Published on 11/04/2017

» Until fairly recently, it looked like two massive new agreements would compete to define the future of world trade. The Trans-Pacific Partnership, backed by the US, would try to move the global trade architecture toward new norms, with harmonised regulations at its centre. Meanwhile, the Regional Comprehensive Economic Partnership, backed by China, would drastically reduce remaining tariffs across a swathe of Asia and push the existing model of trade and manufacturing as far as it could go.