The United States is presently attempting to bypass the World Trade Organization by pushing two highly ambitious trans-regional trade pacts: the Trans-Pacific Partnership and the Transatlantic Trade & Investment Partnership. Together, these two accords would encompass two thirds of world GDP and one third of world imports, and thus would nudge global trade further into preferential routes.
The U.S. and EU account for 30 percent of India’s merchandise exports. So where does that leave India?
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