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The Consilium

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Analysis

8 articles

Without Touching the Law: How Trade Deals Could Still Undo India's Pharma Patent Defences
Analysis5 min read

Without Touching the Law: How Trade Deals Could Still Undo India's Pharma Patent Defences

India just fended off EU pressure to adopt pharmaceutical data exclusivity in its new free trade deal, keeping the patent law that built its generics industry intact. But data exclusivity can delay generic drugs just as effectively as a patent, meaning the same fight can be won again through trade negotiations without ever touching India's Patents Act. Will future trade deals test India's IP autonomy?

Catherine
6 Nov 2026
Gulf Oil Is Back. Can Tar Sands Giants Keep Rising?
Analysis9 min read

Gulf Oil Is Back. Can Tar Sands Giants Keep Rising?

It has been an enormous year for Canadian oil stocks: over the past twelve months, the S&P/TSX Capped Energy Index has climbed roughly 71%, which is more than triple the gain of the broader TSX. Gulf oil is now flowing once more at levels seen before the war, and yet Brent remains above US$100. That raises the question: is the surge in Canada's tar sands stocks here to stay, or has the bulk of the profit already been captured? This article examines what is genuinely keeping oil prices elevated, how the loonie affects returns for foreign investors, and which stocks still have room to appreciate.

Kerem Baskir
30 Oct 2026