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Trade Links (episode 9): India's trade deal blitz and the future of the WTO
Monday, 2 March, 2026

In this episode of Trade Links, Tim Phillips is joined by Aastha Gupta and Scott Livingstone to unpack the political and economic forces shaping global trade deals and the evolving role of the World Trade Organization (WTO).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 https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html