implications of wto on india
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IMPLICATIONS OF WTO ON INDIA
Presented by:-
Shivani Gautam
Shray Jali
Vishal Chaudhary
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Roadmap
Structure Of WTO Why do we need WTO India and WTO Effect on
Agriculture Textiles IT & ITes Telecom Sector
IPR and TRIPS in India Sanitary and PhytoSanitary Measures/Technical
Barriers To Trade Our Recommendations
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Tariff Reforms
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Why Do We Need WTO?
International peace:- by helping the trade to flow smoothly and dealing with disputes over trade issues
Risk reduction:- Confidence to nations to do more and more trade, thereby stimulating economic growth
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India in WTO
Founder member Ensured more stability and predictability MFN status and national treatment for its
exports India is expected to snatch most of the
business deals that are presently catering the developed nations which includes major service based industries like telecom, financial services, infrastructure services such as transport and power
[Source: WTO Secretariat Report]
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59.2 54.8 46.3 39.2 32.2 24
13.3 16.621.6
23.727.2
26.7
27.5 28.6 31.1 36.6 40.6 49.3
1950-51 1960-61 1970-71 1980-81 1990-91 2001-02
Primary Secondary Tertiary
GDP share
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Agriculture
Reduction in domestic subsidies Amber box, Green box and Blue box Total Aggregate Measurement of Support (AMS)
is negative so not required to undertake reduction commitments in any of its product
Reduction in export subsidies No direct subsidies except marketing and
transport subsidies Tariff binding and progressive reduction of
tariffs Primary agricultural products 100% Processed foods at 150% and edible oils at
300%
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Textiles
The textile sector remained outside the GATT disciplines for many decades
1974: MFA ATC : negotiated during the Uruguay
Round Accounted for about 36% of total exports
from India Largest net foreign exchange earner for the
country
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Anti-dumping probes against India European Union
Unbleached Cotton Fabrics (UCF) Cotton Type Bedliner Polyester Texturised Filament Yarn (PTFY)
Turkey Polyester Texturised Yarn (PTY)
South Africa Printed and dyed bed linen Acrylic fibre blankets
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IT & ITes
Key contributor to the Services Sector accounting for 5.8% of India’s overall GDP[Source: PWC report for CII]
The increase in availability and reduction in tariffs has prompted many developed nations to go for business with India especially in IT and ITeS industry
Software exports from the Rajiv Gandhi Chandigarh Technology Park rose from Rs.504 crore in 2007-08 to Rs.750 crore last year.
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Telecom
The WTO Agreement on Basic Telecommunications provided for liberalization of trade
India’s approach was primarily defensive MFN exemptions: for different accounting rates
into Pakistan, Bangladesh, Nepal and Bhutan 1998 – 25% FDI 2001 – 49% FDI 2003 – 74% FDI but mgmt. control with Indian
operators
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Mobile tariffs in India
0.230.22
0.19
0.170.16
0.11 0.11 0.11
0.09
0.05 0.050.04
0.030.02
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0.15
0.2
0.25
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IPR
Seven types Copyrights Trademarks Geographical indications Industrial designs Patents Integrated circuits Trade secrets
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TRIPS in India
India’s patent policy allowed very little scope for patents in agriculture
Protecting some of the geographical indications of interest to India e.g. Basmati rice, Darjeeling tea, Mysore Dosa
Exclusive Marketing Rights for the producers of patented drugs and agrochemicals
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Sanitary and Phytosanitary Measures and Technical barriers to trade (SPS/TBT)
Protects human, animal and plant life and health including from pests and diseases of food
Size, shape, weight and packaging material requirements including labeling and handling safety
Peanuts, Marine products, Mushrooms in EU
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Our recommendations
Building up world-class infrastructure like roads, ports and electricity supply
Strength in IT and ITes sector should be tapped and further strengthened
Reorganize its Protective Agricultural policy
Textile industry modernization