World Trade Organisation: Regional Trading Arrangements and India

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This book is the outcome of a seminar on the theme â€œWorld Trade Organisation Regional Trading Arragements and Indiaâ€, organized by the Division of Economics, Mysore University. Sir, M. Visvesvaraya P.G. Centre, Mandya during 17th and 18th of April 2002. This book consists of 31 papers contributed by scholars from different Universities/Institutions. World Trade Organisation: WTO is the only international organization dealing with the international rules of trade between member countries. The main function of WTO is to ensure that trade flows as smoothly, predictably and freely as possible. The WTO is as much about law as it is about trade. The total number of membership of WTO is 144 (2202). Mr. Supachai Panitch Pakdi is the Director-General of WTO. Regional Trading Arrangements RTAs are a part and parcel of the present international economic other. RTAs called a â€œSpaghetti Bowlâ€ due to their over lapping nature, are accepted as the â€œSecond Bestâ€ of multilateralism. The EU, the NAFTA, the ASEAN, the SAARC, the MERCOSUR, the Australia-New Zealand Closer Economic Relationship Aagreement etc. are some of the examples of RTAs. From 1947 to early 2002, GATT-WTO had been informed of the creation of more than 198 RTAs, although some no longer exist or they remain insubstantial. India is one of the founding members of WTO and SAARC. In the blast seven years, India has won disputes against US relating to import restrictions on woven wool shirts/blouses, shrimps / shrimps S. Products; against the EU concerning anti-dumping duties on cotton type bed linen; and against Turkey in the matter of imports restrictions on textiles / clothing. India has also lodged complaints against the imposition of anti-dumping duties by South Africa on Pharmaceuticals, by Brazil on jute bags and by the EU on cotton fabrics. The US and the EU have won the cases against India on patents in pharmaceuticals, and import restrictions on agriculture / consumer goods / automobiles. In the next few years, the WTOs DSM might well be inundated with disputes relating to new member of WTO â€“ China

ABOUT THE AUTHOR M.G. Basava Raja

Dr. M.G. Basavaraja, Reader, Divisioin of Economic, Mysore University, Sir M. Visvesvaraya P.G. Centre, Mandya, Karnataka, obtained his M.A., Ph.d. degree and Dip-in-Gandhian Studies from the University of Mysore. His area of interest are Gandhian Economics, International Economics, Public Economics, and Industrial Economics. His research papers have appeared in various journals / newspapers. Besides guiding doctoral students, he has organized several youth camps and seminars. He has worked in research projects such as block level planning for full employment, a sociological survey of Rural Houseless, Concurrent Evaluation of the Functioning of the Local Governments in Karnataka sponsored by Government of Karnataka, Bangalore. He is currently directing a research project entitles â€œEconomic welfare programmes for persons with disabilities in the state of Karnatakaâ€ sponsored by the Ministry of Social Justice and Empowerment, Government of India, New Delhi. Apart from associating himself with the academic activities of the University, Dr. Basavaraja is participating in the activities of Gandhi Peace Foundation. Bangalore. Institute of Gandhian Studies Mysore and other organizations involved in constructive programme.