Discusses the Indian perspective in the development round and possible outcomes of contentious issues.
Written in 2003; 12,754 words; 15 sources; MLA; $ 243.95
Paper Summary:
The first part reviews briefly the functioning of the multilateral trade fora and India's participation in it. The key issues of the WTO in the Development Round are discussed in the next part. India's concerns are analyzed in the third part. The fourth part focuses on the core areas of conflict and analyzes the possible outcomes given the bargaining power and capabilities of the players in the international political economy. In conclusion the paper focuses on the strategies which India should take based on findings of where her real interests lie. The future of India's participation in the WTO and extent of its probable integration in the world economy is also discussed.
Introduction
GATT and the WTO
India and GATT/WTO
WTO's Development Round: Key Issues
India's Concerns
Core Issues and Possible Outcomes
India in the WTO: A Broader Perspective
Conclusion
References
From the Paper:
"In almost half a century GATT had eight trade negotiating rounds. In the early years, the GATT trade rounds concentrated on reducing tariffs. A new issue was introduced in the Kennedy Round in the mid-sixties which brought about a GATT Anti-Dumping Agreement. The Tokyo Round during the seventies was the first major attempt to tackle non tariff trade barriers and to improve the trading system. The eighth, the Uruguay Round of 1986-94, was the latest and most extensive of all. It led to the WTO and a new set of agreements covering for the first time trade in services and intellectual property.
The success of GATT in promoting and securing the liberalization of much of world trade is universally recognized. Continual reductions in tariffs may have been the major factor in very high rates of world trade growth during the 1950s and 1960s ? around 8% a year on average. The momentum of trade liberalization helped ensure that trade growth consistently out-paced production growth throughout the GATT era, a measure of countries? increasing ability to trade with each other and to reap the benefits of trade. The rush of new members during the Uruguay Round demonstrated that the multilateral trading system was sought after by countries seeking faster development by economic and trade reform."
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