Académique Documents
Professionnel Documents
Culture Documents
YEAR 20015-17
Guided by Prof. Tilak Raj
Sumitted by:
Newish Khurpa
Jashan Pal Singh Virk
CONTENTS
1.
EXECUTIVE
SUMMARY....................................................................................
..........
2.
INTRODUCTION............................................................................
...................
GATT..........................................................................................................................
THE URAUGUAY ROUND....................................................................................
FROM GATT TO WTO............................................................................................
3.
OBJECTIVE...................................................................................
........................
4.
IMPACT OF WTO ON
INDIA....................................................................................
AGRICULTURE....................................................................................................
PHARMACEUTICALS.........................................................................................
THE SERVICE SECTOR.......................................................................................
TEXTILES AND CLOTHING.............................................................................
INFORMATION TECHNOLOGY..........................................................................
TRIPS...................................................................................................................
5.
INDIA AND THE
WTO.......................................................................................
INDIAS ROLE IN THE WTO...............................................................................
INDIAS WTO COMMITMENT.................................................................................
6.
COMPARISON OF INDIAS FOREIGN TRADE
BENEFITS.........................................
BEFORE BECOMING THE MEMBER OF WTO........................................................
AFTER BECOMING THE MEMBER OF WTO...........................................................
7.
EXIM
POLICY........................................................................................
............
IMPORT..............................................................................................................
EXPORT..................................................................................................................
8.
CONCLUSION...............................................................................
........................
9.
BIBLIOGRAPHY.............................................................................
........................
EXECUTIVE SUMMARY
INTRODUCTION
2INTRODUCTION
INTRODUCTION
Simply put: The World Trade Organization (WTO) deals with the rules of
trade between nations at a global or near-global level. But there is more to it
than that.
2-1
GATT
2-1.1
OBJECTIVES OF GATT
2-1.2
1)
2)
3)
4)
5)
2-2
PRINCIPLES
(WTO). The organisation began its function from 1st Jan. 1995. It
serves as a single institutional framework directed by a
Ministerial Conference once every two years and its regular
business is overseen by a general council. The WTO secretariat is
based in Geneva, Switzerland. The membership of the WTO
increased from 128 in July 1995 to 144 countries by Jan. 1 st
2002. The WTO members now accounts for over 97 percent of the
international trade.
2-3
2-3.1
OBJECTIVES OF WTO
7
2-3.2
FUNCTION OF WTO
administration
and
2-3.3
STRUCTURE OF WTO
OBJECTIVE
1.
To know about the structure, function and objective of
WTO.
2.
3.
4.
5.
6.
7.
EXIM policy
10
IMPACTIMPACT
OF WTO
ON ON
INDIA
OF WTO
INDIA
4-1
AGRICULTURE
about 900 million people live and work in rural areas, most of
them as small farmers. Table 1 shows that where as agriculture
contributes 3% to the GDP and employs only 4% of the
4 IMPACT OF WTO ON INDIA
Countries
(including least
Nature
of Commercial/Expor
developed)
Subsistence
26%
27%
foreign exchange
Population engaged 4%
27%
in agriculture
Source:
13
4-2
PHARMACEUTICALS
India
has
one
of
the
most
efficient
pharmaceutical
14
product
patents.
Product
patent
rules
and
Exclusive
This
has
forced
nine
leading
domestic
pharma
15
4-3
16
construction,
computer
software
and
other
professional services.
4-4
4-5
INFORMATION TECHNOLOGY
18
4-6
19
5
5-1
5-2
Under the Uruguay Round India has bound 67% of all its
tariff lines, whereas prior to that only 6% of tariff lines were
bound. The bindings range from 0 to 300% for agricultural
products from 0 to 40% for other products. Under the Uruguay
Round manufactured products were bound at 25% on
intermediate goods and 40% on finished goods.
5-2.1
Balance of payments
consultations with India of the WTO Committee on Balance-ofPayments Restrictions in June-July 1997. At the request of the
United States, a panel was constituted on 18 November 1997 to
examine the US allegation that the continued maintenance of
quantitative restrictions on imports by India is inconsistent with
India's obligations under the WTO Agreement.
5-2.2
AGRICULTURE
5-2.3
TEXTILES
22
5-2.4
INTELLECTUAL PROPERTY
5-2.5
ANTI-DUMPING
5-2.7
SERVICE SECTOR
5-2.8
INFORMATION TECHNOLOGY
5-2.9
25
6
6-1
COMPARISON OF INDIAS
FOREIGN TRADE BENEFITS
Its agreed that India was one of the founder member of WTO;
it faced problems in Foreign Trade grounds. The problems that
India faced before the formation of WTO were the following:
(1)Absence of Anti dumping
(2)No Subsidy Facilities
(3)Absence of TRIMs & TRIPs
(4)Lac of Market Scenario & Strategies
6-2
26
27
EXIM POLICY
71
IMPORT
7-1.1
7-1.2
7-1.3
7-1.4
29
7-2
EXPORT
7-2.1
7-
2.2
the items can be freely exported from India. A few items are
subject to export control to prevent their shortage. The profits
from exports are exempted from income tax. Indian exports
contribute nearly 12.4% in the GDP.
7-2.3
7-2.4
7-2.5
33
CONCLUSION
34
BIBLIOGRAPHY
(1)
(2)
(3)
(4)
www.wikipedia.org
(5)
www.exprasspharma.com
(6)
www.wto.org
(7)
(8)
(9)
35