What will be the new government’s trade agenda?

Some of the issues such as labour standards that trade partners like the EU and the UK have been pushing for inclusion in the FTAs, will be very seriously given a second thought. India has come a long way in formulating FTAs with the UK, Oman, Australia and the EU, which require duty cuts on certain products such as agriculture. The government is expected to play a more defensive role in deciding on agri exports. The outcome of the UK FTA is highly linked to UK elections (scheduled next month), while the EU FTA is poised mid-way.