FTA highlights importance of rules-based order: UK

The British government believes a trade deal concluded with India last year demonstrates that the rules-based order is "worth adhering to and supporting" at a time of growing protectionism and global instability, according to a report from the UK House of Lords said to be released on Tuesday.

- Rezaul H Laskar

The report, issued following a scrutiny of the India-UK Comprehensive Economic and Trade Agreement by the international agreements committee of the upper house of the UK Parliament, noted that the pact was concluded at a time when there were concerns about global economic instability, counter-balancing China, diversifying supply chains and strategic realignment.