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From The Director's Desk
From The Director's Desk
When launched, the Doha Round of trade negotiations was scheduled to be completed by
1 January 2005. However, like the preceding Uruguay Round, the Doha Round has
encountered many roadblocks, and progress has been slow.
Given the deadlock in most of the negotiating issues, at the Bali Ministerial Conference
of the WTO held in December 2013 an attempt was made to arrive at an agreement on a
few issues. First, WTO Members agreed to the text of a new agreement called the Trade
Facilitation Agreement. Second, a decision was reached on the issue of agriculture
subsidies on account of public stockholding programmes of developing countries. It was
also decided that WTO Members would negotiate a permanent solution to the problem of
food security. Third, certain non-binding decisions were reached on issues of particular
relevance for least-developed countries (LDCs).
In the period after the Bali Ministerial Conference there was almost no progress on
negotiations for a permanent solution. On the other hand, significant work was done on
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the TFA Protocol. Dismayed at the imbalance in the work on the two issues, India
decided not to support the adoption of the TFA Protocol by 31 July 2014. Finally, the
General Council of the WTO adopted a decision addressing some of India’s concerns,
including making it clear that the Peace Clause on food subsidies would be available even
after 2017, if a permanent solution is not finalized by that year. Simultaneously, India
joined the consensus in adopting the TFA Protocol.
During 2015, WTO Members are likely to engage intensively for deciding the elements
of the post-Bali work agenda and subsequent negotiations. This provides an opportunity
for India to seek a balanced outcome in the Doha negotiations, including resolving the
problems encountered by developing countries in the implementation of agreements
finalized during the Uruguay Round. If these issues are addressed to the satisfaction of
developing countries, then the Doha Round would to be truly called a “development
round”.
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LEAD ARTICLE
Country Focus
Abstract
As an emerging economy, India is one of the important countries in today’s global trade
scenario. India has been a member of World Trade Organization (WTO) since its
establishment on 1 January 1995. WTO came into existence after GATT (General
Agreement on Tariffs and Trade) was disintegrated and transformed into WTO. The
paper aims to study the role of WTO in promoting India's exports. The study uses the
secondary data on exports for a period of 38 years starting from 1976 and further divided
into two groups of 19 years. This divides Indian exports into pre WTO environment and
post WTO environment.
Key Words: WTO, India, Exports, GATT, Environment
COMPREHENSIVE OUTLOOK
Prime Focus
India’s Food Security Concerns
By Ankit Gupta, Territory Sales Manager, Maruti-Suzuki India Ltd., Ahmedabad.
Abstract
Globalization is the key which can unlock the hidden potential of the developing nations,
if well supported by favorable trade policies. The WTO was set up with this particular
objective of expanding the impact of globalization in order to help the world’s poor. The
seeds for increased global trade were sown at the fourth ministerial conference held in
Doha in 2001. The Doha Development Agenda, as it was named, aimed at facilitating
global trade by decreasing trade barriers. It was in the ninth ministerial conference at
Bali (2013) that members agreed to sign the Trade Facilitation Agreement (TFA). It is
expected that the TFA will add almost US$1 trillion to the world economy. India which is
a member of WTO, backtracked due to food security concerns. This article focuses on
the issues of trade facilitation, food security and India’s stand.
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Inside Out
Abstract
The article deals with an upcoming agenda in the field of WTO and Intellectual property-
popularly known as Geographical indications (GIs). Under the TRIPS Agreement, it is
imperative that a product is registered as a GI in the country of origin, for other countries
to extend protection to the same. In order to comply with India’s obligations in the TRIPS
Agreement, India enacted the Geographical Indications of Goods (Registration &
Protection) Act, 1999, which came into force with effect from 15th September 2003.
This article explores the relevance of GI as an IPR tool, pros and cons of registering an
indigenous product as a GI, economics of GI protection, an insight into international
protection for GI and Indian GI act along with the trends in GI registrations.
NEWS/ARTICLES
National/International
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What You Need to Know About the India-US Agreement at the WTO
(http://www.iatp.org 20 November 2014)
IP Concerns Crop up for India in Regional Trade Meet, Health Sector Faces
Big Hazard
(http://firstbiz.firstpost.com/economy/ip-concerns-crop-up-for-india-in-regional-trade-meet-health-
sector-faces-big-hazard-111699.html)
Book/Paper Review
BOOKS
The WTO and Its Development Obligation: Prospects for Global Trade
by Elimma Ezeani, Anthem Press, 2011
(Reviewed by: Mr. Owais Aftab Siddiqui, Researcher, PACS)
WTO, India, and Regionalism in World Trade by Jamil Ahmad and Dastgir
Alam, New Century Publications, 2012.
(Reviewed by: Mr. Amarjeet Patnaik, IIFT)
http://books.google.co.in/books?id=biGAMAEACAAJ&dq=india+and+wto&sitesec=reviews
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ARTICLES
Don’t Look Now, But the US-India WTO Spat is Still Raging: India’s Stance
on the Bali Package has Angered a Number of American Entities by Rohan
Venkataramakrishnan, 6 October 2014, scroll.in
India Blocks WTO Agreement to Ease Trade Rules: India Says Effort to
Promote Global Trade Should Be Linked to Food Security
by Eric Bellman and Peter Kenny, Economic Times, 27 July 2014.
US Chicken Exports to India More Likely after WTO Ruling by Tom Miles and
Krista Hughes, 15 October 2014, in reuter.com (Reporting by Tom Miles in
Geneva and Krista Hughes in Washington; Editing by Ros Krasny, Robert Evans,
Robin Pomeroy and Chris Reese.)
WTO Prepares for Crisis Talks as India Keeps Veto on Global Deal,
Reporting by Tom Miles; editing by Mark Heinrich, 21 October 2014,
in.reuters.com