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Experts said that there could be significant efficiency benefits that can be derived from introducing AI agents in the IBC process, especially when it comes to review of information and documents. “Millions of documents can be scanned quickly to check for filtering out false claims, leading to faster process timings all the way up to e-auctions, which themselves can be benefited by automated price settings emerging through optimized algorithms,” said Ricky Chopra, chairman & chief counsel, RCIC.
A significant transformation in the global trade landscape is underway, driven by imminent agreements between India and major Western economies, according to experts.
Two landmark agreements—the proposed India–European Union Free Trade Agreement and the India–UK Comprehensive Economic and Trade Agreement—are expected to come into effect in the coming weeks, signaling a decisive pivot toward a new architecture in international trade.
These agreements are being positioned as strategic safeguards against aggressive trade disruptions, particularly from countries like China, which have historically influenced global supply chains. By strengthening bilateral trade ties, the deals aim to enhance resilience in global goods distribution networks.
Under the India-EU agreement, tariffs on approximately 99.5% of Indian exports to the European Union are expected to be eliminated. This move would integrate India more deeply into EU-linked supply chains. Meanwhile, the India-UK pact is set to open up access for Indian businesses to the United Kingdom’s expansive food and consumer markets.
Experts suggest that the ripple effects of these agreements could be particularly strong in sectors such as textiles, pharmaceuticals, and heavy machinery. India is already gaining a competitive edge over manufacturing rivals like Bangladesh, Vietnam, and Pakistan, with expectations of increased employment and industrial growth.
A key feature of both agreements is their adherence to the regulatory frameworks of the World Trade Organization, especially in areas such as intellectual property rights, geographical indications, and financial governance. Additionally, provisions like the Double Contributions Convention under the UK agreement aim to facilitate smoother labor mobility, though their long-term effectiveness remains to be seen.
The agreements also include built-in mechanisms to mitigate risks from global disruptions such as pandemics and armed conflicts, ensuring supply chain stability through de-risking strategies.
Beyond economics, these pacts carry geopolitical weight, positioning India as a viable alternative to China in large-scale manufacturing. However, experts caution that the success of these frameworks will depend on the enforceability of dispute resolution mechanisms, including pending arbitration clauses.
Challenges remain, including regulatory hurdles, ratification timelines, and the incorporation of human rights safeguards. Despite these uncertainties, analysts express confidence that the agreements will foster diversified business opportunities for both the EU and the United Kingdom, while boosting India’s micro, small, and medium enterprises (MSMEs).
As the agreements move closer to implementation, they are widely seen as a defining moment in the evolution of global trade partnerships.
