WTO Fights For Survival

The rise in the number of regional trade treaties and bilateral FTAs recently has left a question ark over the role and future of World Trade Organization 

PM Narendra Modi meets his UK counterpart Boris Johnson at the Hyderabad House in New Delhi on April 22, 2022. The two nations are set to sign several FTAs by the end of this year. Photograph: PIB

Diwali 2022. Amid much fanfare surrounding UK prime minister Boris Johnson’s recent India visit, the deadline has been set for a free trade agreement (FTA) to be signed between the two countries. The agreement, which will cover more than 90% of tariff lines, aims to double bilateral trade of both goods and services between India and the UK to about $100 billion by 2030.