1. WTO AND INDIA
PRESENTED BY:-
Abhishek Bansal
Chandni Chandok
Anshum Garg
Gaurav Jain

2. Introduction.
• WTO was formed on 1st Jan, 1995.
• DIRECTOR GENERAL- PASCAL LAMY
• It took over GATT(general agreement on tariffs
and trade).
• India is one of the founder member of WTO.
• WTO has 153 member nations representing 97%
of world’s population.
• Headquarter is at centre William
Rappard, Geneva , Switzerland

3. WHY GATT OVERTAKEN BY WTO:
• THE MAIN FOCUS OF GATT WAS ON TRADES
IN GOODS.
• LESS POWERFUL
• DISPUTE SETTLEMENT WAS SLOW AND
INEFFICIENT
• NO PRE-DECIDED REGULAR TIME
• NOT TIME BOUND RESTRICTIONS

4. Features of WTO
• It is an international organization to promote
multilateral trade.
• It promotes free trade by removing tariff and
non tariff barriers in international trade.
• It includes trade in goods, trade in
services, protection of intellectual property
rights, foreign investment, etc.
• It is not the member of united nations
• All the WTO members have equal voting rights

5. Objectives
• To implement the new world trade agreements
• To promote multilateral trade among many
nations.
• To promote free trade by abolishing tariffs and
non tariffs barriers.
• To expand and utilize world resources to the most
optimum level.
• To improve standard of living of the global
population.
• To speed up economic development.

6. Functions
• Implementing WTO agreements and
administering the international trade.
• Reviewing trade related economic policies of
member countries
• Acting as forum of trade liberalization
• Cooperating with world bank and IMF and it’s
associates for establishing coordination in global
trade policy making.
• Settling trade relating disputes among member
nations of it’s dispute settlement body(DSB).

7. Scope
• Trade in goods.
• Trade Related Intellectual Rights.
• Trade Related Investment Measures.
• General Agreement On Trade In Services.

8. Agreements
1. Trade in Agriculture.
2. Trade in textile and Clothing
3. Trade related intellectual property rights (TRIPs)
4. Trade related investment measures (TRIMs)
5. General agreement in trade in services (GATS)
6. Disputes settlement
7. Agreement of export subsidies
8. Anti dumping agreements

9. Benefits for India
• Increases in foreign trade
• Increase in agriculture exports
• Increase in inflow of foreign investment

10. CONTINUE………
• Improvement in services
• Benefits for clothing and textile industry
• Restricts dumping
• Promotion to research on patents

11. Effects of WTO in INDIA
• Disadvantage to agriculture sector
– reduction in subsidy
– Import of food grains
• Loss to domestic industries
• Patent of Indian herbs by foreign companies

13. Progress in India
• Reduction in tariff and non-tariff barriers.
• Amendment in patent act
• Sui-generis system
• Copyright, trademark and industrial designs
• Geographically indications

14. Thank you