Economic integration has changed trade in the global market. In an effort to decrease barriers to trade, countries have worked together to establish relationships that award preferential treatment to member countries. Using the World Trade Organization Regional Trade Agreementswebsite, identify the following elements of trade related to India:
Major trading partners
Major imports/exports
Regional trade agreements and member countries
Discuss how regional economic integration has influenced the way your country does business with other nations. Does it create more opportunities for trade or just increase the competition? Make some observations about the impact this might have on an organization’s decision to invest in the country.