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Charmi Popat (03)
SVKM’s NMIMS SPP SPTM (School
of Pharmacy & Technology
Management)

2/3/2014

SVKM's NMIMS SPP SPTM

1
• WTO deals with the rules of trade between nations at a
global or near-global level

• It’s an organization for liberaliz...
• WTO began life on 1 January 1995, but its
trading system is half a century older
• It took over GATT (1948)
• Created by...
2/3/2014

SVKM's NMIMS SPP SPTM

4
Administering WTO trade agreements
Forum for trade negotiations
Handling trade disputes
Monitoring national trade policies...
To implement new world trade agreements
To promote multilateral trade among many
nations
To speed up the economic developm...
Umbrella

AGREEMENT ESTABLIHING WTO
Goods

Basic principles

Additional details
Market access
commitment

Services

Intell...
2/3/2014

SVKM's NMIMS SPP SPTM

8
Parties

Agreement

Complainant

European Communities

Respondent

India

TRIPS Arts. 70.8 & 70.9

• Measure at issue: (i)...
Timeline of Dispute
Consultation

28th April 1997

Establishment of Panel

16th Oct. 1997

DSB established panel

16th Oct...
1. Increase in Foreign trade
2. Increase in agricultural export
3. Increase in inflow of foreign investment
4. Benefits fo...
1. The system helps promote peace
2. Disputes are handled constructively
3. Rules make life easier for all
4. Freer trade ...
2/3/2014

SVKM's NMIMS SPP SPTM

13
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World trade organization

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World trade organization
Content:
1. What is World trade organization
2. History of World trade organization
3. Functions of World trade organization
4. Objectives of World trade organization
5. Agreements of World trade organization (Trade Rules)
6. Process for dispute settlement in World trade organization
7. Case study on dispute settlement
8. Impact on India
9. Benefits of World trade organization Trading System

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World trade organization

  1. 1. Charmi Popat (03) SVKM’s NMIMS SPP SPTM (School of Pharmacy & Technology Management) 2/3/2014 SVKM's NMIMS SPP SPTM 1
  2. 2. • WTO deals with the rules of trade between nations at a global or near-global level • It’s an organization for liberalizing trade • It’s a negotiating forum … • It’s a set of rules … • And it helps to settle disputes … 2/3/2014 SVKM's NMIMS SPP SPTM 2
  3. 3. • WTO began life on 1 January 1995, but its trading system is half a century older • It took over GATT (1948) • Created by: Uruguay Round negotiations (1986– 94) • India is one of the founder member of WTO • New Negotiation: “Doha Declaration” • Head: Director-General, Pascal Lamy • Location: Geneva, Switzerland 2/3/2014 SVKM's NMIMS SPP SPTM 3
  4. 4. 2/3/2014 SVKM's NMIMS SPP SPTM 4
  5. 5. Administering WTO trade agreements Forum for trade negotiations Handling trade disputes Monitoring national trade policies Technical assistance and training for developing countries Cooperation with other international organizations 2/3/2014 SVKM's NMIMS SPP SPTM 5
  6. 6. To implement new world trade agreements To promote multilateral trade among many nations To speed up the economic development To promote free trade by removing tariff & non-tariff barriers in international trade To improve standard of living of global population 2/3/2014 SVKM's NMIMS SPP SPTM 6
  7. 7. Umbrella AGREEMENT ESTABLIHING WTO Goods Basic principles Additional details Market access commitment Services Intellectual property GATT GATS TRIPS Other goods agreement & annexes Services annexes Countries schedules of commitments Countries schedules of commitments (MNF exemptions) Dispute settlement TRADE POLICY REVEWS Transparency DISPUTE SETTLEMENT 2/3/2014 SVKM's NMIMS SPP SPTM 7
  8. 8. 2/3/2014 SVKM's NMIMS SPP SPTM 8
  9. 9. Parties Agreement Complainant European Communities Respondent India TRIPS Arts. 70.8 & 70.9 • Measure at issue: (i) The insufficiency of the legal regime – India's "mailbox rule" – under which patent application for pharmaceutical and agricultural chemical products could be filed; and (ii) the lack of a mechanism for granting exclusive marketing rights to such products. • Intellection property at issue: Patent protection for pharmaceutical and agricultural chemical products, as provided under TRIPS Agreement Art. 27. 2/3/2014 SVKM's NMIMS SPP SPTM 9
  10. 10. Timeline of Dispute Consultation 28th April 1997 Establishment of Panel 16th Oct. 1997 DSB established panel 16th Oct 1997 Circulation of Panel Report 24th Aug 1998 DSB Adoption 22nd Sep 1998 Implementation India indication “Reasonable period of time” 21st Oct 1998 India’s joint statement 25th Nov. 1998 India’s final report 28th April 1999 2/3/2014 SVKM's NMIMS SPP SPTM 10
  11. 11. 1. Increase in Foreign trade 2. Increase in agricultural export 3. Increase in inflow of foreign investment 4. Benefits for clothing & textile industry 5. Restrict dumping 1. Disadvantage to agricultural sector ( Import of food grains) 2. Loss to domestic industries 3.Patent of Indian herbs by foreign industries 2/3/2014 SVKM's NMIMS SPP SPTM 11
  12. 12. 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 2/3/2014 SVKM's NMIMS SPP SPTM 12
  13. 13. 2/3/2014 SVKM's NMIMS SPP SPTM 13

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