We are also seeking a separate safeguard mechanism including provision for imposition of quantitative restrictions under specified circumstances, particularly in case of a surge in imports or decline in prices; exemptions for developing countries from obligations to provide minimum market access; exemptions of all measures taken by developing countries for poverty alleviation, rural development and rural employment.
Developed countries have been putting pressures on inclusion of non-trade issues such as labour standards, environment protection, human rights, rules on investment, competition policy in the WTO agreements. Developed Countries Demand and Singapore Issues: Sincere and meaningful implementation of commitments undertaken by developed countries and operationalisation of all special and differential treatment clauses for developing countries in the various agreements is made.
There is however no adverse impact. Developed countries are pushing for a comprehensive agenda like rules on investment, environment, competition policy, trade facilitation, transparency in government procurement, labour standards etc.
In the TRIMS Agreement on Trade-Related Investment Measures review we want flexibility for developing countries in adopting appropriate domestic policy while permitting foreign investment. In fact, as per the provisional data for our non-oil imports declined by 14 per cent while our exports rose by over 20 per cent in the same period.
But it has successfully completed, as can be inferred from the fact that there has been no particular surge in imports. The TRIPS agreement should not be allowed to hinder the efforts of developing countries to provide affordable access to medicines. Indian industry has had to face greater competition in the wake of globalisation.
We are against calls for new commitments from the developing world for achieving symmetry and equity in the existing agreements. Certain provisions in the Agreement on Agriculture AoA also give us flexibility to provide support for research, pest and disease control, marketing and promotion services, infrastructure development, payments for relief from natural disasters, payments under the regional assistance programmes for disadvantaged regions and payments under environmental programmes.
Our immediate priority is that the agreements reached earlier with the developing countries should be implemented so as to correct inherent imbalances in some of the Uruguay Round agreements. Using as an excuse that production of products in developing countries are not being done under proper environment and labour standards they can ban the imports of their products or impose other non-tariff restrictions.
We are against any inclusion of non-trade issues that are directed in the long run at enforcing protectionist measures, particularly against developing countries.
Ensuring food and livelihood security is critical, particularly for a large agrarian economy like India. This is because by asserting that particular developing countries are not observing and implementing the rules in regard to the non-trade issues so that the developed countries can ban the imports of some goods in their countries, as the USA has been trying to do so from time to time.
Our more urgent task is to resolve the concerns of developing countries on implementation of the Uruguay Round agreements. The issue of affordable access to treatment for AIDS, which has gathered international attention in recent months, is hopefully a pointer in the right direction.
The government also has to strive to improve infrastructure and provide a facilitating environment for inducing acceleration in trade.
We also strongly favour extension of higher levels of protection to the geographical indications for products like Basmati rice, Darjeeling tea, and Alphonso mangoes at par with that provided to wines and spirits under the Trade-related Aspects of Intellectual Property Rights TRIPS agreement.
WTO and Indian Industries: The apex Indian organisations representing various industries are sincerely working towards ensuring a gainful transition with least disadvantage into the global economy. It must also be recognised that the prices of medicines are influenced by several factors including the level of competition, size of market, purchasing capacity etc.
They are pressing for incorporating non-trade issues of environment and labour standards.
India has bound its tariff to the extent of per cent for primary agricultural products, per cent for processed agricultural products and per cent for edible oils. A close watch is also being kept to ensure that Indian industry does not have to face unfair competition from dumped or subsidised imports of other countries.
Indian farmers now need to take advantage of the opportunity provided by the AoA, by addressing productivity issues and making their products more competitive globally. It has also been possible to maintain without hindrance the domestic policy instruments for promotion of agriculture or for targeted supply of food grains.
A few agricultural products had been bound historically at low levels but these bindings have been raised following the Article XXVIII negotiations held in this regard.
India has consistently taken the stand that the launch of any new round of talks depends on a full convergence of views amongst the entire WTO membership on the scope and framework for such negotiations.
As for drug prices, safeguards are provided like compulsory licensing, price controls, and parallel imports which should help address this concern. Domestic policy measures like the operation of minimum support price, public distribution system as well as provision of input subsidies to agriculture have not in any way been constrained by the WTO agreement.WTO is an International Organization which plays a vital role in monitoring international ultimedescente.com article would give an insight into the origin of WTO, its structure, benefits due to the WTO and India’s relationship with the WTO.
India’s Role in World Trade Organisation! India has consistently taken the stand that the launch of any new round of talks depends on a full convergence of views amongst the entire WTO membership on the scope and framework for such negotiations.
Role of india in wto 1. Objectives To study the role of WTO in India To study the impact of WTO agreement on India To study Geographical Indication To study Anti-Dumping Action To study role of India in WTO - 2.
India and the WTO. This page gathers key information on India's participation in the WTO. India has been a WTO member since 1 January.
Role of India in WTO India is a founder member of the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO), which came into effect on after the conclusion of the Uruguay Round (UR) of .Download