Multilateralism weakening, bilateral deals necessary: FM Sitharaman

Finance Minister Nirmala Sitharaman has stated that multilateralism has weakened globally, making bilateral trade deals essential for India. Speaking on international trade dynamics, she noted the absence of a 'Lindsey Graham Bill'-style protectionist measure in Europe, contrasting different regional approaches to commerce.

Sitharaman's remarks highlight India's strategic pivot toward bilateral agreements as traditional multilateral frameworks lose effectiveness. The comments underscore the government's pragmatic approach to navigating shifting global trade patterns and securing economic partnerships.