Académique Documents
Professionnel Documents
Culture Documents
Project By: Dhyan Sethia Dhvaneet Savla Jainil Mehta Vishal Chandan Rohansingh Chouhan
Introduction
Formed: 1st Jan, 1995 HQ: Switzerland
Members: 159
Staff: 640 Current Chairman: Pascal Lamy
Functions
Administering WTO trade agreement Forum for trade negotiations Handling trade disputes Monitoring national trade policies Technical assistance and training for developing countries Cooperation with other international organizations
Benefits
1. The system helps promote peace 2. Disputes are handled constructively 3. Rules make life easier for all 4. Freer trade cuts the costs of living 5. It provides more choice of products and qualities 6. Trade raises incomes 7. Trade stimulates economic growth 8. The basic principles make life more efficient 9. Governments are shielded from lobbying 10. The system encourages good government
Agreements on Agriculture
Uruguay Round 1/1/1995 Features Indias commitment
Criticisms
clothing (ATC)
Implemented from 1/1/2005
TRIPS
Overview Purpose Covers 5 broad issues Compliance with Indian Patent Act
TRIPS - Compliance
The main issues under TRIPS that had to be addressed to make the Indian Patent Act comply with clauses of TRIPS agreement were: The right of importation and the prohibition of discrimination between local production and importation Broadening patentable subject-matter to include micro-organisms Increasing the term of protection to twenty years uniformly for all subject matters Allowing product patents
TRIMS
Overview Objective
Drawbacks
Export Promotion
What is Export Promotion Ways of Export Promotion Why is it necessary WTO and Export Promotion
Conclusion