The trade pact in question, which aims to enhance bilateral trade and economic cooperation, is now under scrutiny to ensure it aligns with India's economic interests and trade goals. This review could lead to renegotiations or adjustments to address the imbalance and improve trade relations.
Key factors influencing this review include:
Economic Imbalance: India's growing trade deficit with Malaysia highlights the need to evaluate the terms of the agreement to ensure a fair and balanced trade relationship.
Strategic Interests: Both countries have strategic interests in maintaining strong economic ties, but adjustments may be necessary to reflect current economic realities.
Sectoral Concerns: Specific sectors or industries may be disproportionately affected, prompting targeted adjustments to the trade pact.
Policy Shifts: Changes in domestic economic policies or global trade dynamics could also influence the decision to reassess the agreement.
