It paved the way for a similar deal with the UK.In agriculture, government officials are citing the UK, European Free Trade Association (comprising Switzerland and Norway) and Australia deals to block American President Donald Trump from opening the Indian market to US dairy, maize and soybean. While pushing for the final deal with India, Australia, too, had made fresh overtures for dairy.In trade negotiations, every deal is unique, but what has been opened becomes a floor for future talks. What the other trading partner offers is also critical.The new FTAs India is signing may impact older ones. India, which wants ASEAN members, Japan and South Korea to review existing trade deals, may face fresh demands. Japan, South Korea and Thailand may seek parity on automobile tariffs under the revised pacts.India has over a dozen trade agreements, and each partner is closely watching the new ones in the pipeline.

Source: The Times July 25, 2025 10:56 UTC