In the theatre of Twenty first-century commerce diplomacy, symbolism typically eclipses substance. Final week’s UK-India and US-UK agreements reveal a curious asymmetry: in each, the bigger accomplice, when it comes to GDP, leveraged the connection for political ends, whereas the UK equipped what issues – regulatory status and high-income customers. The previous deal provides India an opportunity to climb the “worth chain” and entry markets it can not replicate at residence. Donald Trump used his pact to stage a spectacle of grievance and management.
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