ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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India-Brazil: Policy Gains

Policy Gains With difficulties in multilateral trade agreements, as has been borne out with the Doha Development Agenda of the WTO, bilateral and regional trade agreements are gaining in prominence. Notable are the numerous south-south trade alliances that have been materialising fairly rapidly. India, in particular, has been looking in directions it had previously ignored. A regional SAFTA, a bilateral trade agreement with Thailand, another one with Singapore and Romania in the pipeline, and a preferential trade agreement (PTA) with the Mercosur bloc countries (Argentina, Paraguay, Uruguay and Brazil) have all occurred within the last year. In fact, the pursuit of bilateral and regional trade agreements specifically is now stated policy.

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