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By:
Mitesh
Raksha
Rajshree
Preety
Prateek
INTRODUCTION TO WTO
 Formation of WTO
 Idea behind the formation of WTO
 Members
OBJECTIVES OF WTO
 Multilateral trade
 To promote free trade by taking decisions on tariff
and non-tariff barriers.
 To enhance the competitiveness among the
members so as to benefit the consumers.
 To increase the productivity and production of the
world and enhance employment.
 To utilise the world resource efficiently.
ADVANTAGES TO INDIA
 The system helps promote peace.
 Disputes are handled constructively.
 Free trade cuts the cost of living.
 Provide more choice of products and quality.
 Trade raises income.
 Stimulates economic growth.
WTO AND INDIA
 India is one of the founder members of the WTO.
 A sectoral shift from only agriculture to service sector.
 Services accounted to almost 56% of country’s GDP in
2005-06,but only 26% contributed to employment in
India.
 India now speaks as a strong force for many
developing countries.
 Not only tariff cuts and quantitative restrictions now
it also covers the agriculture,service,patents,etc
DOHA ROUND
 WTO members launched an ambitious program on
Agricultural,Non-Agricultural,Antidumping
duties,subcidies etc.
 Keeping in concern for the developing countries the
decisions were delayed.
 The negotiations have gone to a suspense mode.
BALI AGREEMENT
 It talks about trade facilitation agreement, reducing
redtapes,non-tariff barriers etc.
 It will enhance the total volume of global trade.
 At present India is looking to back out.
 But it some how hurts the image as seen by the
western countries.
 Indian government is more concerned about the
domestic market and livelihood.
THANKYOU
QUESTIONS

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India and wto

  • 2. INTRODUCTION TO WTO  Formation of WTO  Idea behind the formation of WTO  Members
  • 3. OBJECTIVES OF WTO  Multilateral trade  To promote free trade by taking decisions on tariff and non-tariff barriers.  To enhance the competitiveness among the members so as to benefit the consumers.  To increase the productivity and production of the world and enhance employment.  To utilise the world resource efficiently.
  • 4. ADVANTAGES TO INDIA  The system helps promote peace.  Disputes are handled constructively.  Free trade cuts the cost of living.  Provide more choice of products and quality.  Trade raises income.  Stimulates economic growth.
  • 5. WTO AND INDIA  India is one of the founder members of the WTO.  A sectoral shift from only agriculture to service sector.  Services accounted to almost 56% of country’s GDP in 2005-06,but only 26% contributed to employment in India.
  • 6.  India now speaks as a strong force for many developing countries.  Not only tariff cuts and quantitative restrictions now it also covers the agriculture,service,patents,etc
  • 7. DOHA ROUND  WTO members launched an ambitious program on Agricultural,Non-Agricultural,Antidumping duties,subcidies etc.  Keeping in concern for the developing countries the decisions were delayed.  The negotiations have gone to a suspense mode.
  • 8. BALI AGREEMENT  It talks about trade facilitation agreement, reducing redtapes,non-tariff barriers etc.  It will enhance the total volume of global trade.  At present India is looking to back out.  But it some how hurts the image as seen by the western countries.  Indian government is more concerned about the domestic market and livelihood.