Category: Regional blocks
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India-ASEAN Free Trade Agreement
The Free Trade Agreement (FTA) between India and the Association of Southeast Asian Nations (ASEAN), formalized as the ASEAN-India Free Trade Area (AIFTA), has played a pivotal role in deepening economic ties between the two regions. However, despite the robust trade volume of $131.58 billion in 2022-23, the agreement has…
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The Return of Donald Trump: Implications for U.S. Economic Policies and U.S.-India Relations
In a surprise twist, the recent U.S. presidential election saw the return of Donald Trump to the White House, marking a new chapter in the country’s domestic and international affairs. Trump’s economic policies, notably defined by “America First” principles, are likely to bring significant changes, influencing everything from trade to…
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Exploring the BRICS Alternative Currency
The recent discourse around the potential development of an alternative currency among BRICS nations—Brazil, Russia, India, China, and South Africa—has sparked global curiosity. Proponents argue that such a currency could potentially challenge the dominance of the U.S. dollar in international trade and strengthen economic ties among these emerging economies. However,…
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SCO Summit in Pakistan: A Critical Outlook and Future Prospects
Regional cooperation has always played a pivotal role in addressing shared challenges and fostering economic growth. One such forum is the Shanghai Cooperation Organisation (SCO), which, since its establishment in 2001, has evolved into a significant regional platform for dialogue on security, economic cooperation, and political stability. The 25th SCO…
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Trade Agreements and Economic Zones
In the rapidly evolving landscape of global trade, new and emerging agreements continue to reshape economic zones and redefine international commerce. Among the latest developments, two significant agreements are making headlines: the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These modern trade…
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The Rise of Regions: A New Dawn for Global Trade?
The winds of change are blowing through the global trade landscape. As the World Trade Organization (WTO) grapples with deadlock and geopolitical tensions simmer, a new force is emerging: regional trade agreements (RTAs). No longer simply stepping stones to broader liberalization, these agreements are increasingly viewed as powerful instruments of…
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