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Multilateralism
 

Multilateralism

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    Multilateralism Multilateralism Presentation Transcript

    • Multilateralism
    • A trade agreement made between multi nations for getting the equal benefit in the global market, especially for poorer nations that are less competitive by nature. E.g DOHA round of trade agreement between 149 members of WTO.
      Multilateral Trade Agreement
    • An approach towards the international trade, monetary system, security & environment, based on ideas for the benefit of the group states in the global business.
      Multiple countries working in concert on a given issue.
      Multilateralism:
    • With Multilateral talks, India aggressively pursuing BILATERAL trade agreements to protect its interest & gain market access,
      India has 13 trade agreements,
      The lack of progress in WTO has made India more aggressive in Bilateral agreements,
      India needs to push for FTAs as it is not part of any trade block.
      India’s strategy
    • Progress:
    • Too many trade agreements create confusion for industry,
      Bilateral Trade would increase the cost of doing business,
      Growing Bilateral deals could lessen the Multilateral agreements,
      A simple rule of engagement for Multilateral trade System,
      India has not managed much of gain in the service.
      Key issues:
    • Does the (Bilateral)strategy make the sense?
      India need to focus more on agreed Multilateral Trade Agreements, the Free Trade Area with ASEAN countries SAFTA. Since the liberalization and rules of origin in every FTA is different, a few countries prefer to do trade in normal way rather claim benefits under FTAs to avoid complications.
      Conclusion: