Now Reading: India’s Trade Deals Face Test in Turning Access Into Exports
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India’s Trade Deals Face Test in Turning Access Into Exports
India’s Trade Deals Face Test in Turning Access Into Exports
India has signed trade agreements with the UAE, Australia, the UK, Oman, EFTA, ASEAN, Japan, South Korea and Singapore. A recent agreement with the European Union opens another major export market, while…
The Story in Brief
India has signed trade agreements with the UAE, Australia, the UK, Oman, EFTA, ASEAN, Japan, South Korea and Singapore. A recent agreement with the European Union opens another major export market, while talks continue with the US and Canada. The Economic Times reports that the next test is whether Indian exporters use the access created by these agreements.
The Global Trade Research Initiative estimates that 20% to 30% of eligible Indian exports claim preferential treatment. Exporters face certification, rules of origin, production costs, sustainability requirements, logistics and scale barriers. Exports to the UAE and Australia have risen, though results differ across sectors.
The Indian Opinion
The claim that every trade deal will transform exports is too broad. So is the view that implementation problems erase all gains. Higher exports to the UAE and Australia offer early evidence, but the available record does not establish lasting benefits. The practical test is whether smaller exporters begin claiming preferential treatment at rates well above the current 20% to 30%.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
