First Quarter, Second Thoughts

By Shalini Bhutani | Commentary | May 7, 2018

There is no clear picture emerging with respect to trade relations amongst countries. But it is much clearer that countries like USA that pushed ‘free trade’ are now having second thoughts about how open they want their economies to be. While protectionism is re-emerging stronger than before, new free trade agreements (FTAs) continue to…

Trump’s Steel and Aluminium Tariffs: What are the Bigger Risks?

By Biswajit Dhar | Commentary | March 12, 2018

US President Donald Trump has finally taken the steps that he was threatening to right from his campaign days, namely, to block imports to trigger revival of the American manufacturing sector. He implemented the extra-ordinary decision to impose import tariffs of 25% and 10% on steel and aluminium, by invoking the provisions of Section…

The Future of Financial Services after Brexit: Options and Limitations

By Kavaljit Singh | Briefing Paper # 22 | February 2018

After making sufficient progress on the terms of the UK’s exit from the European Union, negotiations will now move on the thorny issue of forging a future UK-EU trade and investment relationship. The negotiations on the future relationship will resume once the EU leaders adopt guidelines at an EU summit to be held in…

The Brexit Conundrum: What to Do With Financial Services?

By Kavaljit Singh | Commentary | December 26, 2017

At the European Council summit held at Brussels during December 14-15, 2017, the EU leaders formally approved negotiating guidelines to move to the second phase of Brexit negotiations after confirming “sufficient progress” had been achieved in the first phase of negotiations. On December 8, the UK and the European Union reached a withdrawal deal…