Trade and politics are often connected, but India believes that economic decisions should not be influenced by political disputes. External Affairs Minister S. Jaishankar recently emphasized this point during a BRICS meeting, warning against linking trade policies with political agendas. He stressed that mixing politics with trade creates uncertainty, disrupts global business, and makes the economic environment less predictable.
When countries connect trade to politics, it can lead to tariffs, restrictions, or sanctions. These measures can hurt businesses, raise costs for consumers, and slow down economic growth. For example, a sudden trade restriction due to political tension can disrupt supply chains, causing delays in goods and higher prices in the market. Jaishankar highlighted that maintaining a fair and stable trading system benefits everyone, especially in a world where economies are closely interconnected.
India’s Approach at BRICS:
At the recent BRICS summit, Jaishankar urged member countries to focus on economic cooperation rather than political conflicts. He emphasized that trade should be transparent, fair, and based on internationally agreed rules. India advocates for a rules-based system that encourages trust among nations. This approach allows countries to plan their trade policies confidently, reduces uncertainty, and promotes sustainable economic growth.
Benefits of Separating Trade and Politics:
Keeping trade separate from political tensions has several benefits. First, it strengthens global supply chains by reducing disruptions. Companies can plan production, distribution, and exports without fearing sudden political decisions. Second, it supports job creation by allowing businesses to operate smoothly and expand internationally. Third, it encourages investment, both domestic and foreign, because investors prefer stable and predictable trade policies.
India’s Vision for Global Trade:
Jaishankar’s message is not only about India’s trade interests; it is about creating a global system that is fair, stable, and reliable. India wants to ensure that developing countries have a voice in international trade and that their economic growth is not hindered by political disputes. By separating trade from politics, nations can focus on building strong economies while maintaining diplomatic relations.
India’s stand is clear: trade should be guided by fairness, transparency, and collaboration, not political disagreements. As Jaishankar pointed out, separating politics from economics benefits countries, businesses, and citizens alike. A world where trade is stable and predictable is a world where economies grow stronger, jobs are created, and prosperity is shared. By following this principle, India aims to promote a global trading environment that is fair for everyone.
