At the 39th ASEAN Roundtable in Singapore, discussions highlighted the challenges posed by an assertive China and a protectionist United States. Attendees emphasized the need for pragmatic trade-offs and the potential consequences of a Donald Trump victory, which could lead to severe tariffs.
India is reassessing its approach to free trade agreements (FTAs) as it has signed 13 so far and is negotiating more. Analysis by the Global Trade Research Initiative reveals that India's trade deficit with key FTA partners—ASEAN, South Korea, and Japan—has surged significantly, outpacing its global trade deficit.
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