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