Agenda-Setting FTA with the UK

It gives Delhi some edge in negotiating similar free trade agreements with the US and the EU

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India and UK have finally signed the much-awaited free trade agreement. This marks the culmination of a long-drawn-out process which was put on hold last year on account of elections in both countries. While the trade deal is important on its own merits — it hopes to double the current value of bilateral trade of about 60 billion dollars by 2030 — what makes the agreement even more significant is the tectonic change in the global geoeconomic order since Donald Trump's re-election as the US president.