S3E69 Why BRICS Has No Free Trade Agreement?

** Welcome To The Choke Points **Why BRICS Has No Free Trade Agreement | FTAs Explained with India’s CaseWhy does BRICS — a bloc representing nearly half the world’s population — have zero free trade agreements among its own members?This video breaks down the real reasons, without narratives or ideology.We start by explaining what a Free Trade Agreement (FTA) actually is, why FTAs permanently lock tariffs and industrial policy, and why countries don’t sign them casually.Then we look at India’s FTA experience, including why India became cautious after widening trade deficits and exited large trade blocs like RCEP.Finally, we narrow it down to a few hard structural reasons that explain why BRICS — even with 10 full members — structurally struggles to form FTAs.This is not a pro- or anti-BRICS argument.It’s a mechanism-based explanation of how trade agreements really work.**Chapters**00:00 Introduction01:12 What is a Free Trade Agreement (FTA)?04:05 India’s FTA experience and lessons07:10 Why BRICS has no internal FTAs07:45 Lack of trade institutions09:30 Low intra-BRICS trade incentives11:20 China’s scale asymmetry13:40 Why tariffs still matter to BRICS economies16:10 Final takeaway#brics #fta #freetradeagreement #indiatrade #geopolitics #globaleconomy #bricstrade #economicanalysis #tradedeals #china #indiaX: @thechokepointsTikTok: @thechokepointsRumble: @thechokepointsSpotify: @thechokepointsYouTube: @thechokepoints