Gulshan SachdevaTrade conflicts among large players involving China, the United States, the European Union and many others, including India, dominated the global economic narrative in 2019.The multilateral trading system of the WTO (World Trade Organisation) has already been under serious stress. Due to a number of preferential/regional trading agreements as well as various deadlocks, its relevance is already in decline.Close In these circumstances, every important economic player is devising different strategies to deal with the situation. With only about 2 per cent share in global exports, new dynamics in global trade architecture could be an opportunity for India to improve its performance. However, this can only happen with correct fundamentals and an appropriate liberal trade policy framework. related news Mining lease expiry in 2020 throws up risks and opportunities The job riddle? India’s demographic profile can solve it The clock is ticking. Govt needs to walk the talk on personal taxes As the recent World Development Report shows, trade growth since 2008 has been sluggish and expansion of global value chains has slowed. So, it is not very easy now for India to be part of those global value chains, which might be relocating from China.Still, a few countries such as Bangladesh, Vietnam, Cambodia,… Read full this story
- Now that crypto trade is legal in India, here's what happens next
- Britain opens EU trade talks with a threat to walk away
- India's exports may touch USD 330-340 bn this fiscal: FIEO
- On Day 2 of India visit, Modi and Trump to get down to business
- Singapore-bound Air India flight forced to leave with only 10 on board due to Coronavirus scare
- For 'Make in India', first 'Innovate in India'
- Australia-India relations more important than ever as coronavirus slashes Chinese trade, Trade Minister warns
- At USD 83.5 bn, India has 3rd highest trade-related illicit financial flow globally
- Harley, Visa, Mastercard, Amazon and Walmart at the centre of Trump’s trade push
- At USD 83.5 bn, India has 3rd highest trade-related illicit financial flow globally: Report
Is the global trade conflict a blessing in disguise for India? have 322 words, post on www.moneycontrol.com at December 31, 2019. This is cached page on VietMaz. If you want remove this page, please contact us.