India Inc India Inc: Monday, 24 April 2017 11:47

Time to stitch together a Commonwealth free trade bloc

There are seemingly insurmountable hurdles in the path of reinventing the Commonwealth as a multilateral free trade bloc but the potential upsides could make it a proposal worth pursuing.

There is a superstition in some parts of India which posits that inauspicious beginnings beget the best outcomes. If this proposition contains even a grain of empirical truth, then the proposal to reimagine the 52-nation Commonwealth as a 21st century trading bloc couldn’t have got off to a better start.

In the run-up to the Commonwealth Trade Ministers’ Meeting in London in March, an unnamed British official dubbed the discussion in some circles to reimagine the Commonwealth as a trade bloc as “Empire 2.0” – exactly the kind of language that raises the hackles of people in the former colonies. Login/Sign up to Read more

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