Swipe right for free trade
India must not sign up for TPP or, indeed, for RCEP, if it turns out to be stacked in favour of China as TPP is for the US
One of the paradoxes of globalization is that in a world which is more dependent than ever on free flows of trade and investment, support for the principle of free trade among the world’s major economies appears to be at a low ebb. One natural explanation is that, after decades of trade liberalization, barriers to trade and investment flows among the major economies are relatively low. There is, therefore, little appetite for these economies to take up the cudgels on behalf of further non-discriminatory, rules-based, multilateral liberalization.