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India has been a WTO member since 1 January 1995 and a member of GATT since 8 July 1948. The Doha Round (2001) proffers a new approach to international trade in a pro development manner and sought to work around the issues that address the concerns of the developing countries in three areas (the “three pillars”): domestic support, market access, and export subsidies and related issues
Body
Evolution of India’s stand in WTO negotiations:
Challenges faced by India from the WTO members:
Decline in role of WTO and rise of regional arrangements:
WTO was established to assure rule based global trade and commerce. But recent developments prove the weakening of WTO. India’s demand such as finalisation and implementation of Doha Developments, and a agreement for free services in line with FTA (Free trade agreement), etc.
Conclusion
India emphasizes on the Marrakesh Agreement, establishing the WTO recognizes that international trade is not an end in itself, but a means of contributing to certain objectives including ensuring that developing countries and LDCs secure a share in international trade commensurate with the needs of their economic development.”
By: DATTA DINKAR CHAVAN ProfileResourcesReport error
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