Talks between India and the US for a Free Trade Agreement have gained momentum in recent weeks amid US President Donald Trump’s threats to impose reciprocal tariffs on trading partners. But scratch the surface, and it quickly becomes clear that merely signing a Bilateral Trade Agreement – an FTA by another name - might not be the panacea New Delhi is hoping for to address Washington's tariff tantrums.The bureaucratic complexities involved in implementing an FTA with the US could put red tape in emerging economies in a better light. And that's only the beginning. The follow-up process allows major US corporations to extract substantial concessions from a partner country before the ink even dries on the agreement.
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