Aluminium left out of India’s US and EU trade deals-but the industry may still benefit and here’s how
In a span of just one week, India has signed two major international trade agreements – one with the European Union and another with the United States. Together, these much-awaited deals are projected to add nearly USD 150 billion to India’s exports over the next one decade and ease several longstanding trade frictions. While all this is great, aluminium being conspicuously absent from both the agreements send through some disappointment at a first glance. But later on, a closer analysis suggests that India’s aluminium industry may not be materially disadvantaged and could even benefit indirectly through downstream demand.
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Aluminium kept outside – what it means?
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