How India-EU deal counters Chinese dumping, de-risk supply chains? Expert answers

In this special report, strategic expert Professor Brahma Chellaney analyses the geopolitical and economic implications of the India-European Union trade dynamics. He highlights that the EU is aggressively seeking a foothold in India, the world's fastest-growing major economy, to 'De-risk the supply chain' from an increasingly dominant China.

The discussion explores how the agreement incorporates strict rules of origin to prevent Chinese dumping into Indian and European markets. Chellaney points out that while China maintains a massive trade surplus through an 'avalanche of exports,' India has systematically protected sensitive sectors like dairy and agriculture in its trade deals.

The report further examines the impact of trade liberalisation on luxury goods, such as European cars and wines, versus the global rise of Indian spirits. It concludes that the strategic alignment between India and the EU serves as a critical alternative to the reliability issues surrounding Chinese manufacturing and trade practices.