World Trade Organization & Export Promotion in India

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

India & WTO Agreements

Agriculture Anti-dumping Customs valuation Government procurement Import licensing Information technology products Intellectual Property Rights Regional trade Agreements Rules of origin Safeguards Sanitary and phytosanitary measures Services State trading enterprises Subsidies and countervailing measures Technical barriers to trade Textiles Trade and development Trade-related investment measures TRIPS

Agreements on Agriculture
Uruguay Round 1/1/1995 Features Indias commitment

Criticisms

Multi - Fiber Agreement

1974 2005
Quotas Export restriction Uruguay Round MFA to Agreement on textiles &

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

Indias Trade Policy

Trade Promotion Trade Development and Infrastructure
Trade Relations

Export Promotion
What is Export Promotion Ways of Export Promotion Why is it necessary WTO and Export Promotion

Conclusion