Can India-US economic ties move beyond trade dispute towards stronger Indo-Pacific relations?
February 25, 2020
Research Fellow, Manohar Parrikar Institute for Defence Studies and Analyses, Dr. Jagannath Panda’s article on India-US economic ties, titled ‘Can India-US economic ties move beyond trade dispute towards stronger Indo-Pacific relations?’ has been published in ‘The Financial Times’ on February 25, 2020.
The piece argues that Trump’s recent visit to India, while grand, did not allay fears that the US approach towards India on trade disputes is going to be indulgent or accommodating. From the US’s side, a full restoration of the GSP ranking should not be expected. However, a partial restoration to exporters from India might be possible; but this will also be imposed only in sectors where US importers depend on Indian goods. India stands to benefit greatly by attracting foreign direct investment from the US companies that are hastily exiting China at present. President Trump must also realize that concurrent with a growth in trade tensions, India has grown into an important strategic partner for the US in the Indo-Pacific’.
