Business Standard

Economic self-harm

Self-reliance cannot be a superior alternative to open trade

Import, Export, trade, protectionism, Free Trade agreements, deals, FTA, Shipping, Sea ways, Sea transport, Water ways, Water transportGrowth, Economy

Business Standard Editorial Comment New Delhi
In just a year since India pulled out, at the eleventh hour, of negotiations to conclude the Regional Comprehensive Economic Partnership (RCEP) trade agreement, the overall trade environment for India has undergone a sea change. For one, the other nations involved in the RCEP —  Association of Southeast Asian Nations (Asean), alongside Japan, China, South Korea, Australia, and New Zealand — have gone forward and signed the pact. For another, the government’s own policies have turned markedly protectionist, with a series of import tariffs, restrictions, and production-linked incentives now ring-fencing a number of sectors — making it even harder to

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First Published: Nov 17 2020 | 1:45 AM IST

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