What impact these mega-regionals will have on India
With the successful outcome in Bali on 7 December, trade multilateralism has lived to see another day. Two key players, the US and India, whose last-minute brinkmanship would either make or break the round, finally reached an agreement taking into account India’s domestic concerns on food security. The resulting Bali package,which addresses trade facilitation, agriculture and the issues of least developed countries (LDCs), has restored some degree of faith in the WTO.
[This article has been reproduced with permission from IMD, a leading business school based in Switzerland. http://www.imd.org]