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Global South countries are applying cautious optimism towards trade pacts. Despite India inking multiple bilateral FTAs, New Delhi has remained wary of trade agreements at the multilateral level

The United States (US)-China trade war and the COVID-19 pandemic fundamentally altered global trade patterns, revealing critical supply chain vulnerabilities. US tariffs pushed companies to shift manufacturing to more favourable locations, accelerating “friendshoring” to countries like India and Vietnam. The “China plus one” strategy has bolstered domestic manufacturing and attracted foreign investment through Production Linked Incentive

After a brief discussion on the uneasy relationship between Regional Trade Agreements and the WTO, the implications of the “deep” integration that the EU is seeking with India are discussed, and the respective positions, interests and concerns of the partners in the long drawn out negotiations are examined. The challenges for India in plunging into such “deep” territory, unprecedented in its history of bilateral or multilateral negotiatio