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The WTO Impact

GATT / GATS

TRIM

Liberalisation of trade in goods and services


Increases
competion from
foreign
good/services

Threat to
domestic firms

Increases
competitiveness
of domestic
firms
Benefits
consumers

Facilitates
global sourcing

Increases
competitivene
ss of domestic
firms
Encourages
globalisation of
Indian firms

Opportunity
for Indian firms
to export

Encourages
globalisation of
Indian firms

Liberalisation of intern
Increases
foreign
investment
and
competition
from foreign
firms
Threat to
domestic firms
Benefits to
Economy

mpact
TRIMs

TRIPs

ralisation of international investments


Facilitates joint
ventures and
technology
acquisition

Benefits
domestic firms

Encourages
globalisation of
Indian firms

Facilitates
foreign
investment by
Indian firms
(including joint
ventures)
Encourages
globalisation of
Indian firms

Provides
monopoly
power to
owners of
intellectual
property

Encourages
globalisation of
Indian firms

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