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7 February 2014, Economywatch

India And The TPP: Wait Or Join?

EconomyWatch republished an article written for Gateway House by Dr. Dan Steinbock on the Trans Pacific Partnership. Dr Steinbock says that while joining the TPP will energize India's trade, negotiating an entry may need concessions which may not be in its interests

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Since U.S. Vice President Joseph Biden’s visit to India in July 2013, many American voices have urged India to join the Trans-Pacific Partnership (TPP). India’s Commerce and Industry Minister Anand Sharma too recently said, while defending the policy of free trade agreements (FTAs), that India must integrate with the world, it cannot have a “wall around” itself. India’s relative disconnect from the global economy is evident in its low share in global trade – about 2.1% in 2012, less than a fifth of that of China.

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