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India’s ‘quid pro quo’ strategy for trade talks
If companies or countries want freer access to the market, they must offer concessions.
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If companies or countries want freer access to India's big and growing markets, they must offer a quid pro quo.
PHOTO: REUTERS
John Reed
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In a more mercantilist world, a clear pattern is emerging in India’s trade policy strategy: If companies or countries want freer access to the big and growing markets of the world’s fifth-biggest economy, they must offer a quid pro quo.
Switzerland and Tesla Motors last week each managed to get India to lower its high, jealously guarded tariff walls and offer improved access to its market of one billion-plus people.
