There are issues of key import as India looks to seal free trade agreements with the UK (hopefully by the middle of this year), and with the European Union (which could take more time): these are countries that India actually does substantial trade with.
“The FTA with the UAE makes sense given over $73 billion of bilateral trade in 2021. Similarly, with Australia, bilateral trade was nearly $25 billion in 2020, small compared to Australia’s $245 billion trade with China in the same period, nevertheless important from India’s view,” argues Manoj Pant, former director of the Indian Institute of Foreign Trade.
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