After a long hiatus, India has begun to engage with trade pacts. In 2022, India has concluded a Comprehensive Economic Partnership Agreement with UAE, a more limited Economic Cooperation and Trade Agreement with Australia.
Against this backdrop, Suhail Nathani, Managing Partner, Economic Laws Practice (ELP) has been quoted by Business Standard in their article titled ‘Do strategic interests rule over economic gains in India’s new trade pacts?’ Mr. Nathani says, “The UAE Agreement is a good example of diplomacy and economic considerations overlapping. When geo-political considerations are added to the mix there is a further impetus – as we are seeing in the ECTA Agreement signed with Australia and the FTA signed with Israel. All these agreements will benefit the economy as well as create a global alliance of like-minded countries who will build a robust trade network”.
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