Navigating the evolving trade landscape

In an era of shifting trade dynamics, India stands at the crossroads of opportunity, but being adaptable will be key

World trade is undergoing a profound transformation. The US and EU governments have started emphasising industrial policy over trade policy, prioritising local production and job creation over adherence to World Trade Organization (WTO) rules.

The American government is imposing WTO-non-compliant tariffs and offering significant subsidies to boost domestic production. The EU, meanwhile, is using climate concerns to justify new import barriers.  Open trade carries risks to economic stability and political dominance. That’s the new thinking, leaving trade experts, researchers, and academics puzzled.

Let us understand why these shifts are happening and how India can safeguard its interests in this evolving