The global trading system has experienced its most severe disruptions in recent years because of the sharpening of geo-economic competition, shocks in supply chains, and strategic tensions between major economies. These basically supply-side forces have a negative influence on the classic framework of free trade. In fact, the problem is not simply about trading. The relationship between the Strait of Hormuz and energy trade is currently one of the hottest topics on the agenda. Structural issues, such as the EU-India trade agreement, also have significance. So, this turning point in global trade seeks answers to not just economic but political questions as well.
New steps, new moves
Global trade order is eroding because of geopolitical tensions and protectionist policies, which are gaining strength again in today’s world. Hence, the EU-India free trade agreement (FTA) represents a tangible reflection of the European Union's search for risk diversification and strategi
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