Que. “The broader aims and objectives of the WTO are to manage and promote international trade in the era of globalization. But the Doha round of negotiations seem doomed due to differences between the developed and the developing countries”. Discuss in the Indian perspective.[200 Words, 12.5 Marks]

Answer:

Approach:

Introduction

  • Brief about The World Trade Organization (WTO).

Body

  • Discuss equitable focus on developing countries and impact on India’s trade policy in Doha Round.

Conclusion

  • Conclude your answer with a futuristic approach.

Introduction:

India has taken a firm stand against the inclusion of ‘new issues’ such as labor and environment within the purview of the World Trade Organization (WTO). The country emphasizes resolving outstanding matters related to the Doha Round negotiations before discussing non-trade and WTO-plus issues. India, along with other developing countries, is concerned that addressing these new issues prematurely could hinder global trade and disadvantage developing nations.

Body:

  • The Significance of Doha Round: India’s primary contention lies in the fact that the Nairobi declaration failed to reaffirm the mandate of the Doha Round, which aimed to foster global trade liberalization. Therefore, India insists on prioritizing the resolution of outstanding issues from the Doha Round negotiations before engaging in discussions on non-trade matters.
  • Environment and Labor Issues: India argues that environmental and labor issues should be addressed by relevant global bodies like the United Nations Framework Convention on Climate Change (UNFCCC) and the International Labour Organization (ILO), rather than being incorporated into the WTO. This approach ensures that the differing standards set by developed nations do not serve as non-tariff barriers, negatively impacting exports from developing nations.
  • Impact on Developing Nations: The inclusion of new issues in the WTO agenda poses a significant challenge for developing countries. Rich nations, with their higher standards, can potentially use these issues as a means to impose restrictions and hinder trade. India is concerned that this approach could adversely affect exports from developing nations to wealthy countries, further exacerbating economic disparities.
  • Resolution of Outstanding Issues: India stresses the importance of resolving outstanding issues before introducing new non-trade matters. Key issues that require attention include the ‘Special Safeguard Mechanism,’ aimed at protecting the interests of poor farmers in developing countries, and finding a permanent solution for public stockholding to ensure food security.
  • Criteria for Introducing New Issues: India calls for two criteria to be met by countries advocating for the inclusion of ‘non-issues’ in the WTO agenda. Firstly, the relevance of the proposed issues in the context of trade must be established. Secondly, a consensus among all 162 WTO members must be achieved to take up the agenda. These criteria ensure a fair and inclusive approach to decision-making within the WTO.

Conclusion:

India’s efforts to prevent the introduction of ‘new issues’ in the WTO, and its emphasis on resolving outstanding matters from the Doha Round negotiations, reflect its commitment to safeguarding the interests of developing nations. By forming strong alliances with other developing and poor countries, and equipping trade law experts to represent them effectively at the WTO’s Dispute Settlement Body, India aims to ensure fair and balanced trade policies that promote inclusive global economic growth.

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Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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