The recent trade agreements between the UK-India and US-UK illustrate a shift in trade diplomacy, where larger economies exploit their status while the UK remains essential for its regulatory prestige. India benefits by moving up the value chain and accessing unavailable markets, while the US under Trump's administration showcases a focus on image over substance in their agreement. The UK's challenges highlight its necessity in international trade, especially as it seeks a more substantial relationship with the EU, aiming for selective re-engagement while managing the legacy of Brexit.
In the theatre of 21st-century trade diplomacy, symbolism often eclipses substance. The UK's role in deals with India and the US highlights its unique diplomatic position.
India's ambition to access rich-world markets is evident, as the UK recognizes its valuable role in lending credibility and post-Brexit validation to trade partnerships.
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