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    India is hedging its bets on FTAs to spur apparel exports. Will it work?

    Synopsis

    Policymakers negotiating FTAs should remember that India has to get concessions for the substantial tariff cuts it would have to give, and these concessions should not ignore new and novel issues.

    After India’s disappointment and disenchantment with free trade agreements (FTAs) signed in and around 2009-2011, there was a long hiatus in fresh FTA negotiations. Agreements entered into during this period didn’t yield the desired results, leading to severe criticism from various quarters. Nothing seemed to go right — trade deficit with these FTA partners increased, the agreements caused duty inversion and India gave greater concessions on
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    The Economic Times