INDIA'S ROLE IN MULTILATERAL FORUMS
Extraordinary and Plenipotentiary Diplomatist|May 2024
In the last 5 years, there has been tremendous growth in the tendency to join bilateral agreements in the multipolar world.
Neeta Baporikar
INDIA'S ROLE IN MULTILATERAL FORUMS

Introduction

Recent examples of PTA (preferential trade agreements), FTA (Free trade agreements like India and Australia), and currency swap agreements like India-UAE etc. show countries moving towards bilateralism. The slow advancement of the multilateral trading system has led to a wave of preferential trade agreements (PTAs) in Latin America and the Caribbean resulting in a web of bilateral and plurilateral PTAs, with countries both within and outside the region. In this line, we will discuss the trends in the international multipolar order, the importance of multilateralism, India’s stand-in multilateral regimes and ways for promoting multilateralism for sustainable development and thereby India’s role in multilateral forums.

Basis for Discussion

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