Statsguru: Neighbourhood ties weaken as global economic partnerships evolve

The share of its neighbours in India’s trade shows signs of weakening from an already low base amid a review of regional trade agreements.
 

The trade deal with the Association of Southeast Asian Nations (Asean) will be reviewed in February. The planned India-Bangladesh trade agreement is being reassessed over concerns about Bangladesh potentially joining the China-backed Regional Comprehensive Economic Partnership (RCEP). Bangladesh is one of the few countries with which India has a trade surplus. India imports more than it exports to most Asean, RCEP nations.
 

 

India’s trade ties with its immediate neighbours are also weakening.