Wto And India Agreement

22 12 2020

Article 15 of the agreement provides that special attention will be given to members of developed countries when considering the application of anti-dumping measures under that agreement, including the consideration of the possibilities for constructive corrective measures provided by the agreement, to the particular situation of members of developing countries. However, this provision has rarely been applied in practice. c. Cancellation or impairment of GATT benefits in 1994 by an increase in subsidies. These subsidies may be subject to countervailing measures, such as the institution of countervailing duties or anti-dumping duties. These can only be implemented in a transparent manner and a sunset period should be set. The Sunset clause under the agreement provides that a compensatory measure must be lifted after five years, unless it is established that the continuation of the measure is necessary to avoid the persistence or reappearance of subsidies and damages. The obstacles to the growth of Indian international trade, I think this meeting should cover the difficulties of implementation by developing countries and the experience of their application by trading partners. It is also indicated that this meeting should look at the provisions of the S-D in specific agreements and not as a general theme. With regard to the difficulties of implementation by developing countries, my delegation has always stressed that there are three types of implementation problems: (a) inequalities and imbalances in existing agreements; (b) failure to realize the expected benefits of certain agreements; and (c) the non-binding and/or non-operational nature of the provisions of the S-D. India has several multilateral agreements with countries in the region: the Bangkok Agreement, the South Asia Preferential Trade Agreement (SAPTA) and the Global Trade Preference System (GSTP). Other concessions are also granted to some of these countries under bilateral trade agreements. However, the impact of these agreements on India`s trade appears to be minimal.

In 1995/96, Indian imports of goods from the Eighth Bangkok Agreement and PSATA member countries accounted for only 3% of total merchandise imports and about 7% of their exports. 71 Under the GATT, each contracting party was required to apply Part II of the GATT agreement only to the extent that it did not contradict its national legislation at the time of its GATT membership. A country that joins the GATT could be subject to special conditions as part of its accession protocol. More importantly, a number of ancillary agreements negotiated under the GATT applied only to parties who chose to comply. 75 The MFN clauses of the WTO agreements generally require one member to treat all other members equally with respect to the points mentioned in the clauses. See the art of GATT.B. Since the WTO`s commitments are no longer those of China, they do not raise the question of how other members treat cochina under the MFN clauses. India attaches importance to its participation in regional agreements under multilateral rules.