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Comment on EU-India pact shows free trade still has a future by un_momento
['Saroj Kumar Rath']
Comments for Asia Times
The EU–India trade deal, formally known as the EU–India Broad-based Trade and Investment Agreement, stands out as one of the longest, most intricate and politically revealing trade negotiations in the European Union’s contemporary history.
For nearly a decade thereafter, the agreement remained stalled, mirroring broader transformations in global trade politics.
That uncertainty intensified dramatically after Russia’s full-scale invasion of Ukraine in February 2022, which reshaped global trade relations and sharpened diplomatic frictions.
Washington increasingly framed India’s trade choices as incompatible with a rules-based international order, resorting to economic pressure to signal its disapproval.
The EU–India trade deal reflects a growing recognition that while wars may persist and sanctions shape behavior at the margins, trade remains one of the most effective tools for sustaining livelihoods, stabilizing economies and fostering long-term cooperation.