Covid-19 is the lesson that the West needed for taking measures to prevent epidemics as seriously and effectively as natural disasters and climate change. The price for the realisation might, however, be too high
Notwithstanding the agreement, tariffs imposed by both sides on each other’s products during the last two years, continue. To that extent, the maximum comfort that can be derived from the deal is the signal that while the d
India needs to import bulk consumer goods, and intermediates because of their insufficient availability, and higher prices. Even after tariffs, these imports remain competitive vis-à-vis domestic products.
Although the WTO has expressed its right to adjudicate security exceptions invoked by members under Article XXI of GATT, it remains to be seen whether WTO members, particularly major powers, accept this point of view.