Announcement
My presentation will focus on India's reluctant retreat from WTO MFN disciplines as the big trading powers (EU enlargement 1973; NAFTA 1994; the aborted FTAA) all moved to preferential trade even as the Uruguay Round was being concluded and the WTO was created under the Marrakesh agreement.
I will then draw an analogy between the rewriting of the UN Framework Convention for Climate Change (UNFCCC) in the Paris Agreement of 2015 and the reformulation of the GATT in the creation of the WTO, both developments which were seen as pushback by the advanced countries against the surprising success of the large emerging economies.
From this I will move to the shift in FTA policies that occurred since PM Modi's third term began in May 2024, a major reversal since India exited RCEP negotiations in 2017. I will conclude with some observations on the additional challenges India has faced with the Trump Administration and now with the wars in Ukraine and the Gulf and what all this might imply for India becoming "CPTPP ready" as a framework that provides a rule-based system which includes the UK, Japan and Canada and which is likely to converge on disciplines with the EU.
While the focus is market access the ultimate prize is attracting investment and the link between trade and investment will be an additional issue I will touch on. The presentation will be more narrative than analytic.
Information
- Time and Date: 12:15-13:15, Friday, June 19, 2026
- Venue: Online
- Language: English
- Admission: Free
- Host: Research Institute of Economy, Trade and Industry (RIETI)
- Contact: Ms. TAKEKAWA, Conference Section
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Speakers
- Speaker:
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- Suman BERY (Former Vice Chairman, National Institution for Transforming India (NITI Aayog))
Suman Bery has served as Vice Chairperson of NITI Aayog, Government of India from 1 May 2022 till May 7 2026, with the rank and status of a Cabinet Minister, Government of India. An internationally respected policy economist and institutional leader, he brings over four decades of experience spanning multilateral institutions, corporate leadership, and public policy research. Prior to his current appointment, Mr. Bery was a Non-Resident Fellow at Bruegel, the Brussels-based economic policy think tank, and a member of the Board of the Shakti Sustainable Energy Foundation in New Delhi. From 2012 to 2016, he was Global Chief Economist at Royal Dutch Shell, based in The Hague, where he led the company's global macroeconomic analysis and research. Earlier, he served as Director-General (Chief Executive) of the National Council of Applied Economic Research (NCAER), India's leading independent economic policy research institution. Mr. Bery also had a distinguished career at the World Bank in Washington, D.C., working on financial sector development and country strategy, particularly in Latin America. He holds a Master's degree in Public Affairs from Princeton University and an undergraduate degree in Philosophy, Politics and Economics from the University of Oxford.
- Suman BERY (Former Vice Chairman, National Institution for Transforming India (NITI Aayog))
- Commentator:
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- URATA Shujiro (Senior Research Advisor, RIETI / Professor Emeritus, Waseda University / Senior Research Advisor, Economic Research Institute for ASEAN and East Asia (ERIA))
- Moderator:
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- SEKIGUCHI Yoichi (Director of Research and Senior Fellow, RIETI)