Business Standard

Neighbourhood ties weaken as global economic partnerships evolve

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The share of its neighbours in India’s trade shows signs of weakening from an already low base amid a review of regional trade agreements.

 


The trade deal with the Association of Southeast Asian Nations (Asean) will be reviewed in February. The planned India-Bangladesh trade agreement is being reassessed over concerns about Bangladesh potentially joining the China-backed Regional Comprehensive Economic Partnership (RCEP). Bangladesh is one of the few countries with which India has a trade surplus. India imports more than it exports to most Asean, RCEP nations.

 

First Published: Dec 31 2023 | 11:27 PM IST

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