World Trade Organisation: A Critical Evaluation

Nagabhushana, S

• Publisher: Scholars World
• Year: 2021
• eBook ISBN: 9789351302353
• Topic: Business
• Subtopic: Business General
• Index: Business

This book is an attempt to understand the world trade organisation and its role and responsibility it plays in the world trade and the rules of trade as well as the important Agreements which were ratified by the member nations of the World Trade Organisation. Further this book contains the impact of the WTO as well as its set agreements on the various sectors of Indian Economy. In modern world International trade is a part and parcel of every individual human being as well as the business organisations; hence, there is an essentiality to know about the rules and regulations of the trade around the world. In modern days international trade has been improved with more innovative and new multi dimensional functions in the field of business with the effect of Liberalization, Privatization and Globalization. This book provides detailed information about the World trade organisation in its entirety and related areas with an understandable language and the concepts are presented with easy illustrations. In total this book is a master piece, which will give the elaborative understandings on the establishment of WTO also about the causes for establishment of the WTO as well as the usage of WTO with the effects of WTO and the working of WTO, WTO Dispute Settlement Mechanism and the Impact of WTO on Developing and Developed world economy including the measures taken by the WTO for the improvement of the International business.

Table of contents

• Cover
• Acknowledgements
• Abbreviations
• List of Tables
• List of Figures
• List of Exhibits
• 1. Origin, Structure and Role of WTO
• Introduction
• WTO: an offshoot of globalisation
• Important definitions of globalisation
• Positive impact of Globalisation
• Negative impact of globalisation
• Benefits of globalisation
• Advantages of globalisation in the developing world
• Outcomes of the Bretton wood conference
• Historical overview of GATT and WTO
• General Agreement on Tariffs and Trade (GATT)
• Principles of GATT
• Structure of the GATT
• The GATT system
• The objectives according to the preamble of GATT
• GATT rounds of negotiation
• Final Act
• Goals
• The Uruguay round outcomes
• World trade before Uruguay round
• The World Trade Organisation
• How the WTO differs from GATT
• Members of the WTO
• The functions of WTO
• Objectives of WTO
• WTO enhanced the value and quality of trade
• WTO eradicated trade tariffs but non-trade barriers are on the rise
• WTO broadened scope of the trade governance
• WTO emerged as a greater institution than GATT
• WTO eased settlement of disputes by enforcing improved rules
• WTO improved monitoring by introducing the Trade Policy Review and the World Trade Report
• WTO increased transparency by removing green room negotiations
• WTO encouraged sustainable trade development
• Structure of the WTO
• Principles of the trading system under WTO
• Voting system
• Accession and membership
• Accession process
• Doha round Trade negotiations
• Trade facilitation
• Benefits from WTO agreements/ member-ship
• Developed vs developing countries
• Criticism of the WTO
• Limitations of the WTO
• Conclusion.
• 2. Aim and Methodology
• Significance of the study
• The present study
• Objectives of the study
• Research methodology
• Data analysis and interpretation
• Limitations of the study
• Review of Literature.
• 3. Dispute Settlement Mechanism under WTO: An Analysis with Special Reference to India
• Introduction
• An overview of the Dispute settlement understanding
• Legal characters of the dispute settlement mechanism
• Dispute procedures
• The significance of GATT/WTO trade disputes
• The WTO dispute settlement mechanism and developing countries
• WTO dispute settlement working procedures
• Appeals
• WTO dispute settlement from a development perspective
• The WTO’s dispute settlement system in operation
• India’s use of the dispute settlement procedures
• India’s contributions to the DSU review discussions India’s participation in the initial stage of DSU review negotiations(1997-1999)
• Area of disputes relating to Indian interest
• India’s role in the limbo in the DSU review negotiations (2000-2001)
• India’s contribution to the Doha mandated DSU review negotiations (2002-2004)
• India’s contribution to negotiations after July 2004
• India in the DSU review
• The difficulties of concluding the DSU review
• The DSU review in practice
• Conclusion.
• 4. An Evaluation of Various Agreements of WTO and their Impact on Indian Economy
• Introduction
• The structure of the WTO agreements
• The General Agreement on Tariffs and Trade (GATT)
• The Agreement on Agriculture (AoA)
• Agreement on application of Sanitary and Phyto-sanitary measures (SPS)
• The Scope of SPS agreement
• SPS agreement and strategic implications for Indian food trade
• The Agreement on Textile and Clothing (ATC)
• Implications for Indian textile and clothing industry
• The agreement on Technical Barriers to Trade (TBT)
• The Agreement on Trade Related aspects of Intellectual Property Rights (TRIPs)
• Impact of TRIPS on India
• Trade Related Investment Measures Agreement (TRIMs)
• India’s notified TRIMs
• Impact on India and other developing countries
• Increase in the flow of foreign investment
• The General Agreement on Trade in Service (GATS)
• Services Trade
• World trade in services
• India’s Services Trade
• India’s Services Exports
• India’s Services Imports
• Balance of Trade in Services
• Policies and barriers to Trade in Services
• Implications of GATS on India
• Conclusion.
• 5. WTO Negotiations on Agriculture and the Implications for Developing Countries including India
• Introduction
• WTO Agreement on Agriculture (AoA)
• Market Access
• Market access provisions and commitments
• Domestic support
• Domestic support measures
• The amber box
• The green box
• The blue box
• Export subsidies
• Importance of Agriculture for developing countries
• WTO and its impact on Indian Agriculture
• Performance of India’s Agriculture
• Market Access
• No obligation
• Export subsidy
• Strong need
• Impact of WTO on agricultural exports from India
• Conclusion.
• 6. Summary and Conclusions
• Bibliography