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Finances

India's trade deal blitz and the future of the WTO

Our specialists discuss trade, security and what’s shaping the world economy. 

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Key topics

  • India’s Trade Deal Blitz: Comparing India’s agreements with the EU, UK, and US – from comprehensive free trade deals to targeted strategic partnerships.
  • Politics vs. Economics: How deals are increasingly shaped by geopolitics, including the impact of US tariffs and India’s Russian oil imports.
  • WTO at a Crossroads: Assessing the organisation’s diminished influence, its historical contribution to global trade, and what a “minimum viable” WTO could look like in a fragmented trade landscape.
  • The Rise of Trade Clubs: Emergence of mini-lateral agreements and managed trade arrangements replacing the old multi-lateral structure.
  • What’s Next: Integration opportunities for India, supply chain diversification for Western economies, and the potential shift in defence and geopolitical alignments.

 

All details correct at time of recording. 

For any terms used please refer to this glossary. 

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This episode was recorded on 20 February 2026.

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This material is published by NatWest Group plc (“NatWest Group”), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by NatWest Group and NatWest Group makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of NatWest Group, as of this date and are subject to change without notice. Copyright © NatWest Group. All rights reserved.

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