Int trade


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Int trade

  1. 1. Anurag S Bharati M120013MS
  2. 2.  It is the exchange of capital, goods and services across international borders Has always been present. E.g.: Silk route With the advent of globalization and outsourcing, international trade has become all the more important
  3. 3.  Usually takes up a significant share in a country’s GDP India’s total trade was 43% of GDP in `05-`06 compared to 16% in `90-`91
  4. 4. Commenced on January 1, 1995 replacing the GATT.It’s main aim is to:• Regulate trade between countries• Provide a framework for negotiating trade agreements• Dispute resolution
  5. 5.  WTO mainly focuses on the issues derived from the previous trade negotiations, especially from the Uruguay Round (1986– 1994). It has 157 member states with an annual budget of $209 million
  6. 6. Formed on August 8, 1967 with Indonesia, Malaysia, Philippines, Singapore and Thailand being its founding members.It is a political and economic organization of 10 countries located in South-east AsiaIts aim is to accelerate economic growth and to provide a platform for settling regional differences.
  7. 7.  ASEAN recognizes India as an important partner for trade and regional stability A free trade area came into effect on January 1, 2010 In 2008 the total volume of ASEAN-India trade was $47.5billion
  8. 8. CARICOM- CaribbeanAGOA- African growth and Community and Opportunity act Common marketCOMESA- Common market for Eastern and EU-25 – European union 25 Southern Africa FTAA- Free trade of theEU-27 - European union 27 Americas SAARC- South AsianOPEC- Organization of Association for Petroleum Exporting Countries Regional Corporation
  9. 9. Thank you