From RCEP exit to embracing Five Eyes economies, how India reimagined geo-trade

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As India seals its trade pact with New Zealand, after concluding similar deals with Australia and the United Kingdom earlier, and is advancing talks with the United States and Canada, a Five Eyes-aligned trade architecture is coming into being to replace the plurilateralism that New Delhi rejected in the Regional Comprehensive Economic Partnership (RCEP). The free trade agreement (FTA) was signed on April 27 in New Delhi by Union commerce minister Piyush Goyal and New Zealand’s trade and investment minister Todd McClay. It marked the culmination of negotiations that had started in 2010, got stalled, restarted and hardened over the…