Scribd Logo
Upload

Welcome to Scribd!

  • 155 views

    WTO PPT Final

    Uploaded by

    sarathnair26
    The document provides information about the World Trade Organization (WTO). It notes that the WTO was established in 1995 and is headquartered in Geneva, Switzerland. It has 153 member countries and oversees international trade. The objectives of the WTO are to raise living standards, promote sustainable development, and ensure benefits for developing countries from trade. Key areas the WTO covers include agriculture, health and safety measures, trade policies, and intellectual property rights. The document then discusses implications of WTO for the Indian economy and challenges India faces in implementing WTO agreements.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    WTO PPT Final

    Uploaded by

    sarathnair26
    155 views17 pages
    The document provides information about the World Trade Organization (WTO). It notes that the WTO was established in 1995 and is headquartered in Geneva, Switzerland. It has 153 member countries and oversees international trade. The objectives of the WTO are to raise living standards, promote sustainable development, and ensure benefits for developing countries from trade. Key areas the WTO covers include agriculture, health and safety measures, trade policies, and intellectual property rights. The document then discusses implications of WTO for the Indian economy and challenges India faces in implementing WTO agreements.

    Original Title

    52908594-WTO-PPT-final

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides information about the World Trade Organization (WTO). It notes that the WTO was established in 1995 and is headquartered in Geneva, Switzerland. It has 153 member countries and oversees international trade. The objectives of the WTO are to raise living standards, promote sustainable development, and ensure benefits for developing countries from trade. Key areas the WTO covers include agriculture, health and safety measures, trade policies, and intellectual property rights. The document then discusses implications of WTO for the Indian economy and challenges India faces in implementing WTO agreements.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    155 views17 pages

    WTO PPT Final

    Uploaded by

    sarathnair26
    The document provides information about the World Trade Organization (WTO). It notes that the WTO was established in 1995 and is headquartered in Geneva, Switzerland. It has 153 member countries and oversees international trade. The objectives of the WTO are to raise living standards, promote sustainable development, and ensure benefits for developing countries from trade. Key areas the WTO covers include agriculture, health and safety measures, trade policies, and intellectual property rights. The document then discusses implications of WTO for the Indian economy and challenges India faces in implementing WTO agreements.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    You are on page 1of 17

    By:

    Sarath J Nair

    PGDM-IB

    About WTO

    World Trade Organization

    Location :- Geneva, Switzerland Established: 1 January 1995 Created by : Uruguay Round negotiations (1986-94) Membership :153 countries 2007 Secretariat Staff : 625

    Head : Director-General, Pascal Lamy

    Objectives

    The WTO reiterates the objectives of GATT . Raising standard of living and income . Introduce sustainable development. Taking positive steps to ensure that developing countries.

    Key Subjects in WTO

    KEY SUBJECTS IN WTO


    Agriculture

    Health & safety measures

    Helping least developed and food importing countries

    Textile and Clothing

    TRIPS ( Trade Related Aspects Of Intellectual Property Rights) TRIMS ( Trade Related Investment Measures) GATS ( The General Agreement On Trade In Services)

    WTO & IMPLICATIONS FOR INDIAN ECONOMY

    One of the most dramatic events that have taken place in later part of 20th century was culmination of GATT 1947 into WTO, which came into force on 1st January 1995.This WTO has set expectations high in various member countries regarding spurt in world trade where India has insignificant share in the pie-Only 0.75% at the most. Even in IT exports the share of Indian exporters is just peanuts in view of overall world market.

    Agriculture seems to be bone of contention for all types of countries where France, Japan and some countries are just not willing to budge downwards in matter of domestic support and export assistance to farmers and exporters of agriculture produce.

    Dismantling of MFA (Multi Fiber Agreement) and its likely impact on countries like India

    PROBLEMS FACING INDIA IN WTO & ITS IMPLEMENTATION

    Predominance of developed nations in negotiations extracting more benefits from developing and least developed countries Resource and skill limitations of smaller countries to understand and negotiate under rules of various agreements under WTO Incompatibility of developed and developing countries resource sizes thereby causing distortions in implementing various decisions Non-tariff barriers being created by developed nations.

    WHAT INDIA SHOULD DO?


    The most important things for India to address are

    speed up internal reforms in building up worldclass infrastructure like roads, ports and electricity supply. India's ranking in recent Global Competitiveness report is not very encouraging due to infrastructure problems, poor governance, poor legal system and poor market access provided by India.

    Our tariffs are still high compared to Developed countries and there will be pressure to reduce them further and faster. India has solid strength, at least for mid term (5-7 years) in services sector primarily in IT sector. India would do well to reorganize its Protective Agricultural policy in name of rural poverty and Food security and try to capitalize on globalization of agriculture markets. The petroleum sector has to be boosted to tap crude oil and gas resources within Indian boundaries and entering into multinational contracts to source oil reserves.

    India must improve legal and administrative infrastructure, improve trade facilitation through cutting down bureaucracy and delays and further ease its financial markets. India has to downsize non-plan expenditure in Subsidies and Government salaries and perquisites like pensions and administrative expenditures. Corruption will also have to be checked by bringing in fast remedial public grievance system, legal system and information dissemination by using egovernance.

    BENEFITS FROM WTO


    The system helps promote peace

    Disputes are handled constructively


    Rules make life easier for all Freer trade cuts the costs of living

    It provides more choice of products and qualities


    Trade raises incomes Trade stimulates economic growth The basic principles make life more efficient Governments are shielded from lobbying The system encourages good government
    14

    Case study Unfair Protection or Valid Defense


    INTRODUCTION The case study talks basically about the dumping of foreign goods countries and how its affecting the host countries, and what has WTO done and how its policies are affecting the developing countries and developed countries. How the developed countries are utilizing the developing countries. The case talks about Mexico and various other countries who are implementing various regulations to prevent the domestic market.

    15

    Unfair Protection or Valid Defense


    PROBLEM IN THE CASE The case talks about: Dumping of goods in foreign market? Why is dumping on rise in the first place? Has dumping affected the local traders? The Pros and Cons Of Antidumping tariffs?

    16

    Thank You

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy