India-EU Trade Pact, US Tariffs Pressure, and Multilateral Shifts Discussed
A comprehensive panel discussion examined the evolving framework of global commerce, focusing on the proposed India-European Union free trade agreement and strategic bilateral relations. The dialogue addressed market access terms covering over two billion people and a quarter of global gross domestic product, with India offering ninety-two point five per cent of tariff lines and the European Union opening ninety-seven per cent, encompassing more than ninety per cent of bilateral trade value. Participants reviewed challenges regarding weaponised tariffs, supply chain disruptions, trade imbalances with China, stalled negotiations with the United States, and the shift from multilateral institutions such as the World Trade Organization toward bilateral agreements. The session also evaluated India's bilateral investment treaty framework, clean energy transitions, small modular nuclear reactors, and the implications of the Carbon Border Adjustment Mechanism. Crucial attention centred on maritime security risks across the Strait of Hormuz and Bab-el-Mandeb, shipping insurance costs, fertilizer import expenses, agricultural safeguards, economic autonomy, and regulated migration and student mobility.
