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India must adapt to evolving global trade norms for meaningful FTAs

Both countries have been negotiating to arrive at a mutually beneficial agreement since 2022

Port cargo, port, trade, cargo
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Business Standard Editorial Comment Mumbai

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News reports suggest that India and the United Kingdom (UK) will resume negotiations on the free-trade agreement (FTA) early next year. Both countries have been negotiating to arrive at a mutually beneficial agreement since 2022. The progress in recent months was halted owing to elections in both countries. Since India is not a member of major regional trade agreements, it is crucial to finalise ongoing trade negotiations to unlock opportunities for market access and global integration. However, as developments thus far show, all this will not be easy. Several issues will need to be addressed on both sides. India, for