The implications of WTO membership for Indian economy in the last 10 years
BE
Name: Arpit Tripathi Due Date: 08/09/2014 Div : ‘C’ Roll No: 324304 Subject: BE
Assignment No: 1
Topic:
Title of the Assignment / Case: The implications of WTO membership for Indian economy in the last 10 years
Name (Of the faculty):
Signature:
Date of Evaluation:
Remarks (By Faculty): _________________________________________ ________________________________________ ___________________________________
The implications of WTO membership for Indian economy in the last 10 years
Introduction:
The World Trade Organization (WTO) was established on January 1, 1995 to deal with all important aspect of international trade.
WTO over took GATT (General agreement on tariff and trades) in Uruguay Round of GATT.
It basically can be interpreted as a forum for international trade where different countries meet in form of rounds to discuss problem of world trade.
Objectives:
It was established to promote the new World Trade Agreement and multilateral trade.
Tariff and non- tariff barriers were removed to promote free trade across the world.
It also aimed to utilize world resources in most optimum way.
To improve standard of living of world population.
WTO also supports maintaining of trade barriers. Ex: protecting consumers and nation as a whole.
Its objective is also to speedup economic development of a country.
India in WTO:
India is a founder member of WTO.
India has ensured better predictability and stability in economy.
Most Favored Nation status and national treatment for export of its goods.
India is expected to grab major business deals catering developed nation in service sector such as financial, telecom, IT services as well as power and transport.
It also aimed at increase of export earnings which basically has aspect of increase in
Name: Arpit Tripathi Due Date: 08/09/2014 Div : ‘C’ Roll No: 324304 Subject: BE
Assignment No: 1
Topic:
Title of the Assignment / Case: The implications of WTO membership for Indian economy in the last 10 years
Name (Of the faculty):
Signature:
Date of Evaluation:
Remarks (By Faculty): _________________________________________ ________________________________________ ___________________________________
The implications of WTO membership for Indian economy in the last 10 years
Introduction:
The World Trade Organization (WTO) was established on January 1, 1995 to deal with all important aspect of international trade.
WTO over took GATT (General agreement on tariff and trades) in Uruguay Round of GATT.
It basically can be interpreted as a forum for international trade where different countries meet in form of rounds to discuss problem of world trade.
Objectives:
It was established to promote the new World Trade Agreement and multilateral trade.
Tariff and non- tariff barriers were removed to promote free trade across the world.
It also aimed to utilize world resources in most optimum way.
To improve standard of living of world population.
WTO also supports maintaining of trade barriers. Ex: protecting consumers and nation as a whole.
Its objective is also to speedup economic development of a country.
India in WTO:
India is a founder member of WTO.
India has ensured better predictability and stability in economy.
Most Favored Nation status and national treatment for export of its goods.
India is expected to grab major business deals catering developed nation in service sector such as financial, telecom, IT services as well as power and transport.
It also aimed at increase of export earnings which basically has aspect of increase in