India WTO Dispute Settlement Points WTO Introduction Dispute
- Slides: 15
India, WTO & Dispute Settlement
Points • WTO – Introduction • Dispute Settlement Body • Recent news - Appellate Body • India’s experience at WTO • India’s concerns • • Export Subsidies Agriculture Subsidies Tariffs on Steel and Aluminum GSP (Generalized System of Preferences)
Introduction - Structure • GATT to WTO • Ministerial Conference • HQ – Geneva (Switzerland) • The functions of WTO are • Administering trade agreements • Acting as a forum for trade negotiations • Settling trade disputes • Reviewing national trade policies
Dispute Settlement A member country files a complaint against another country at DSB Resolve the issue through consultation/mediation A panel is appointed, which will conduct enquire and submit the report Party/parties can approach the Appellate Body DSB may accept/reject the appeals report
Process of Dispute Resolution
Appellate Body – US blocking appointments
India’s Concerns • Tariff on Steel and Aluminum • Export Subsidy issue
India’s Concerns - Farm Subsidy • Ao. A • Traffic Light Approach • De minimis Principle/level • MPS For 2014 India US Rice 5. 45% 77% Wheat Negative 65%
India’s Concerns - Farm Subsidy Why such difference India MSP = ₹ 20000 per tonne @ER of $1=₹ 60. 50 the subsidy will be $325 ERP = $262. 5 MPS = $62 and converted it will be ₹ 3751 per tonne US It converts the ERP @1986 -89 exchange prices i. e. $1=₹ 13. 4, the ERP would be ₹ 3517. 5 per tonne MPS = around ₹ 16480 per tonne
India’s Concerns - GSP
Question 1 In the context of which of the following do you sometimes find the terms ‘amber box, blue box and green box’ in the news? (2016) (a) WTO affairs (b) SAARC affairs (c) UNFCCC affairs (d) India-EU negotiations on FTA
Question 2 Consider the following statements 1. The Appellate Body under the DSB of WTO will have only 6 judges 2. They are appointed for a tenure of 4 years 3. They are ineligible for re-appointment Choose the right option a. b. c. d. Only 2 is correct 1 and 2 are correct 2 and 3 are correct 1, 2 and 3 are correct
Question 3 Consider the following statements 1. The Agreements of Agriculture of WTO came into effect from 1996, after the first ministerial conference 2. This agreement puts a limit on all the subsidies given by the governments in the agriculture sector Choose the right option a. b. c. d. Only 1 is correct Only 2 is correct Both are false
Descriptive Questions • “Has the WTO become the victim of its own success” – discuss the statement in the context of Dispute Resolution process under WTO (250 words) • In the present scenario of the global trade WTO is more important than ever – Evaluate (250 words)
- Wto dispute settlement mechanism
- Dispute settlement mechanism meaning
- Gary petty sms
- Correlational points of parity examples
- Point of difference and point of parity
- Negara pendiri wto
- Organs of wto
- Objectives of wto
- Objectives of wto
- History of wto
- Struktura wto
- Wto functions
- Function of wto
- Wto functions
- Generalised system of preferences wto
- Wto