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Another bilateral buttress for trade
Hindustan Times Patna
|April 28, 2026
The FTA with New Zealand is aligned with India’s economic priorities and can catalyse creative destruction in domestic manufacturing
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That the multilateral trading order is as good as dead is a bitter but undeniable fact in today’s world.
An emaciated rules-based trading regime does not negate the importance of trade, however. What it entails is countries relying more and more on bilateral agreements to pursue their trading objectives. India’s free trade agreement (FTA) with New Zealand, signed on Monday and to be operationalised once New Zealand completes the necessary ratifications, is yet another example of India making incremental but steady advances in exploiting the bilateral route to buttress its trade objectives.
This story is from the April 28, 2026 edition of Hindustan Times Patna.
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