2. Even within the multilateral format of WTO the FTA route has served India well. Comment. How can India effectively deal with the challenges posed by the new mega regional agreements such as TPP?

Approach:

♤ Briefly explain what FTAs are.

♤ Contextually provide how within WTOs multilateralism FTAs are permitted and how India has utilised this.

♤ Delineate gains made by India and also add the concerns raised by relevant actors.

♤ For the second part briefly explain mega regional deals with the example of TPP.

♤ Briefly enumerate the likely challenges it poses to India.

♤ The ways to deal with these challenges should be delineated in relatively detailed manner.