25-08-2017, 09:32 PM
RTAs and WTO
RTAs and WTO.ppt (Size: 146 KB / Downloads: 46)
Implications for India
India’s Recent Regional Trading Engagements
Bilateral: India-Nepal, India-Bhutan, India-Sri Lanka, India-Thailand, India-ASEAN, India-MERCOSUR, India-Singapore, India-China
Sub Regional: BIMSTEC, BBIN, Bangkok Agreement
Regional: SAPTA, SAFTA
Economic Implications: Trade, Investment, Static & Dynamic Gains
Trade Gains: Goods and Services (Banking, Tourism, Infrastructure, Professional etc.)
Potentials for Investment flows : Industrial Restructuring
Technology Exchange
Human Resource Development
WTO RULES
Permitted under Article XXIV of GATT 1994.
Exception to MFN treatment within the Rules subject to fulfillment of conditions:
items on which there is substantial trade to be covered
the phase out of duties should be within a reasonable period of time
it should not have trade distorting effect
The Global Context Regional Trading Arrangements
RTAs are viewed by most countries as building blocks towards eventual global free trade.
More than 200 RTAs have been notified to GATT/WTO.
150 of these are still in force.
250 RTAs are expected by 2005.
Regional Trading Arrangements
Material management
Cheaper imports – domestic prices in control
Better quality products at competitive price
Better market access
Investments flow - JVs
Coverage of Services
Mutual recognition of standards & laboratories
Trade facilitation, Harmonisation of Customs procedures etc.