WEF Highlights India's Trade Leverage and Shift Towards Mini-Lateral Global Agreements

At the 56th World Economic Forum in Davos, WEF President Borge Brende highlighted India's growing economic strength, enabling it to negotiate trade deals on its own terms, with potential agreements with the US and EU. Kimberley Botwright, Head of WEF's Centre for Trade and Geopolitics, noted a shift in global trade towards mini-lateral and plurilateral agreements, emphasizing the rise of digital trade and evolving trade rules, including regional frameworks like ASEAN's digital economy pact.