ias100.in Official Website for Civil Services Chronicle IAS 100 IAS 100
Civil Services (Main) Examination, 2016 written result
You are here: Daily Dose
Growing Disenchantment with WTO

Recently this month, the Director General of the World Trade  Organisation (WTO), Roberto Azevêdo,  visited India. This visit comes in the background of shaking framework of global trade rules. The Trans-Pacific Partnership (TPP) received a death blow by the Donald Trump, the US President.

 

The 10th Ministerial Conference of the World Trade Organisation in Nairobi in 2015 failed yet again to arrive at some a decision on the Doha Round negotiations which started in 2001. Such instances are increasingly making the WTO irrelevant since the organisation does not have a work programme.

 

The issues concerning developing and least developed countries have been put on the backburner. The rules in areas of intellectual property rights and agriculture are skewed in favor of developed countries. India’s Public Distribution System (PDS), public stockholding of food and agricultural subsidies are case in point. The critical element in undertaking procedures like trade facilitation is the availability of financing facilities for modifications in customs procedures and facilities. In fact, this is the biggest challenge for the WTO which does not have a financing arm and face problems in garnering financial resources.

 

India has revoked a majority of its 73 BITs unilaterally. The new model BIT that is being adopted would be the basis of its future BITs and it will vastly truncate the powers of the foreign investor and their right to initiate disputes.

 

The 11th Ministerial Conference of WTO to be held in Buenos Aires in December 2017 is cherry picking inclusion of issues like electronic commerce and investment.

 

 

Share Button
Advertisement

Subscribe IAS100 Newsletter

  UPSC Daily Dose : Current Affairs
The quandary of diverging india
The pakistan establishment, terror groups and geopolitics
why is indian urban planning such a fiasco
India fighting against tobacco consumption
No big-bang reforms in budget 2017
How successful will be the sex offender registry in india
Naga women and their constitutionally guaranteed rights
Growing Disenchantment with WTO
What Are the Chances of an Indian Subprime Crisis
CHINA AND INDIA LOOKING FORWARD TO A NEW CHAPTER
Budget at glance
And here comes the central budget 2017-18
Encroaching on others land in name of public purpose
Human interaction and the changing land use
The idea of less-cash economy, smart devices and hackers
More..» 
Name* :   
  E-mail* :   
  Mobile* :   

  Your Query* :

  
  
Home | About Us | Contact Us | Terms & Conditions | Refund Policy | Delivery Policy | Disclaimer | Copyright Policy | Privacy policy |
Partner sites :chronicleias.com | chronicleindia.in | cgmantra.in
 
GS Mains Test series 2017 View Details Prelims GS Online Course 2017View Details Prelims CSAT Online Course 2017View Details

Feedback

Please Give Your Valuable FEEDBACK To Serve You Better.

  *
  *
  *
  *
  *
Please enter security code, displayed below !
(Note: code should be entered in small letters)