Amidst rising protectionist sentiments all across the globe, international trade is being affected resulting in tension, thus adding fuel to the fire. These trade tensions are not only hurting the global trade but also creating trade policy uncertainties.
Many experts are of the opinion that the on going US-China trade war is going to provide a lot of opportunities to Indo-pacific countries, especially India. The dynamics of these uncertainties, and implications of on going trade escalation were discussed in a panel discussion organized by International Chamber of Commerce. “India’s strategic cooperation with the US can move ahead only with enhanced economic cooperation,” said Vikramjit Singh Sahney, President of Indian Chamber of Commerce. “A cordial India-US trade relation is very important for both the countries as US will also suffer because it has a large market in India including defence, aerospace and agri products,” said Sahney.Read More…
