India’s trade strategy is undergoing a seismic shift, prompted by the Trump administration’s aggressive posture. Once banking on U.S. prioritization in the China rivalry, New Delhi now prioritizes multilateral diversification, as detailed in Foreign Affairs.
January’s EU trade breakthrough exemplifies this evolution. Ursula von der Leyen called it the cornerstone deal, with 30 billion euros in projected exports, plus defense and ancillary agreements. Pacts with Australia, UAE, and beyond are crafting a balanced portfolio, minimizing single-power vulnerabilities.
A strong pitch is made for CPTPP membership—the evolved TPP sans U.S., boasting 12 members and 15% global GDP share. From tariff cuts to binding rules on IP and labor, CPTPP drives transformative reforms. Interest from Cambodia and South Korea underscores its allure.
India’s vast market would magnetize CPTPP nations, while integration promises export surges and supply chain primacy. Overcoming domestic barriers could catapult India into a leadership role, securing long-term prosperity in turbulent times.