Far East-Middle East/India trade booms, as European exporters suffer
Other than elongated transit times, Asia-Europe container supply chains may be so far largely unscathed ...
An interesting comment piece from the thought-provoking Livemint in India. Apparently, optimism over the new government’s interest and ability to modernise and commercialise the world’s largest democracy is disappearing quickly. Last week trade ministers threatened to block a global trade deal, which was in India’s interests and had already been agreed, unless they get their way on India’s “notoriously wasteful” food security programme. The news followed a budget that Livemint called “timid, business-as-usual” . Optimism over new prime minister Narendra Modi, is “evaporating fast”.
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