Trade
India and Australia’s trade deal remains half-finished
India’s trade diplomacy is gaining momentum. Having recalibrated by striking deals with the European Union and the United States, one relationship remains under-leveraged: the…
Mark Carney is wrong about the rules-based order
Mark Carney, Prime Minister of Canada, is just the sort of thoughtful, experienced, well credentialed and strong leader which we need on the world stage at this dangerously messy…
India-EU trade deal: Beyond the “mother of all deals”
The long-awaited India–European Union Free Trade Agreement branded as the “mother of all deals” is being celebrated as a triumph of market access. After nearly two decades of…
Green shoots emerge in India’s economic reform agenda
India now faces a US tariff burden of 50 percent – higher even than China. Yet so far, the worst-case prognostications of an up to one percent hit to Indian GDP have not come to…
Resilience in a conditional trade order: ASEAN’s 2026 challenge
In Southeast Asia, “supply chain resilience” used to mean incremental diversification and a little extra inventory. In January 2026, that framing seems too small. Resilience is…
The decline of sanctions
Sanctions have become one of the most heavily used tools in Western foreign policy, yet their effectiveness is being tested as never before. They were once seen as a measured…
Yes, Vietnam really is winning the trade wars
Vietnam has again emerged as the apparent winner of Donald Trump’s trade wars, as was the case during his first presidency. Vietnam’s exports have boomed, despite facing US…
Tariffs: Why Oxford students are more protectionist than their professors
In a recent economics class at Oxford, my professor posed what seemed a straightforward question: Can anyone think of benefits of tariffs?I'm not a mind reader, but the question…
Stranded and uninvestable: Venezuela’s oil prospects
The Trump administration has made many statements on the role of the oil industry in Venezuela’s post-Maduro future. These range from: (1) the destination for Venezuelan oil…
India’s economic reforms: Domestic resilience to reshape global standing
In a year defined by global economic turbulence, geopolitical tensions, and trade disruptions, India in 2025 has charted a course of remarkable resilience through a series of…