The Global Trade Research Initiative (GTRI) is an organization that focuses on providing high-quality and jargon-free research and insights to governments and industries on issues related to trade, technology, and investment from the perspective of emerging economies like India.
GTRI aims to create a more inclusive, sustainable, and resilient global trade system. Some of the key aspects of GTRI's mission include:
Analyzing the impact of trade deals, such as Free Trade Agreements (FTAs), on the Indian market and providing insights to businesses.
Identifying high-potential products and offering market insights to help businesses grow and expand their global presence.
Navigating the trade and environment nexus, calling for actionable equitable policies that foster sustainable development.
Studying bilateral FTAs, such as India's with Singapore and as part of ASEAN, to provide comprehensive analysis and recommendations for government policies.
Advocating for the initiation of formal talks on WTO's dispute settlement body reforms to address challenges in the global trade system.
The Global Trade Research Initiative (GTRI) is currently addressing several pressing trade issues, including:
Free Trade Agreements (FTAs): GTRI has reported that economies like Europe, the UK, Oman, and Peru are keen to establish FTAs with India due to the country's rapidly growing market. GTRI provides insights into the potential impact of such agreements on national economies, industries, and individual firms.
Trade and Environment Nexus: GTRI emphasizes the need for balanced and sustainable development, particularly in the context of climate change, plastic waste, biodiversity loss, and pollution. The organization advocates for actionable and equitable policies that foster sustainable development, considering the interplay of economy, equity, and ecology.
WTO Dispute Settlement Body Reforms: GTRI has called for the initiation of formal negotiations by WTO members to reform the dispute settlement body of the World Trade Organization (WTO). The organization believes that these negotiations are essential for addressing the challenges facing the global trading system.
Carbon Border Adjustment Mechanism (CBAM): GTRI has discussed the potential impact of the EU's introduction of CBAM on global trade and climate talks. The organization has highlighted the implications of such measures on global supply chains, trade costs, trade disputes, and the compliance burden on businesses.
GTRI is committed to empowering public and private organizations to minimize risks and maximize opportunities in the global market, focusing on small and medium enterprises (SMEs) and helping them enter, expand, and compete in global markets.
Recently, GTRI revealed that countries ranging from large economies like Europe and the UK to smaller ones including Oman and Peru, want to have a free trade agreement with India due to the country’s large and rapidly growing market. It said that by implementing a trade deal with India countries can access the Indian market with less or no import duties on substantial trade.
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