India-EU FTA: A Strategic Trade Milestone

    The second fortnight of 2026 underscores how global trade is increasingly shaped by geopolitics, security concerns, and strategic rivalry rather than pure economic logic. Resource-linked tariff threats and debates over WTO reform highlight growing strain on the multilateral system ahead of MC14, with deep divisions over plurilateral agreements and agricultural reform. Beyond Geneva, trade policy is being used as statecraft, reflected in shifting FTA strategies, regional fragmentation, and competing trade architectures. For India, these shifts bring both risks and opportunities: while the India–EU FTA offers an economic and geopolitical hedge, future market access will depend more on standards, compliance, and strategic positioning in a fragmented global order.