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  • 8/14/2019 International Institutions & Trade Implications Assignment- No

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    INTERNATIONAL INSTITUTIONS & TRADE IMPLICATIONS

    ASSIGNMENT- NO 1

    Submitted By:

    Richa Gupta (F-54)Richa Khanna (F-55)

    Richa Modi (F-56)Ruchi Rachna (F-57)

    Sachin Verma (F-58)Saher Riyaz (F-59)Sakar Singh (F-60)

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    WORLD TRADE ORGANISATION

    The WORLD TRADE ORGANISATION (WTO) is an international organization

    to supervise and liberalize international trade. The WTO came into being on 1 January

    1995, and is the successor to General Agreement on Tariffs and Trade (GATT), which

    was created in1947,and continued to operate for almost five decades as a defacto

    international organization.

    The World Trade Organization (WTO) is the only global international

    organization dealing with the rules of trade between nations. At its heart are the WTO

    agreements, negotiated and signed by the bulk of the worlds trading nations and ratified

    in their parliaments. The goal is to help producers of goods and services, exporters, and

    importers conduct their business

    The World Trade Organization deals with the rules of trade between nations at a near-

    global level; it is responsible for negotiating and implementing new trade agreements,

    and is in charge of policing member countries adherence to all the WTO agreements

    signed by the majority of the worlds trading nations and ratified in there parliaments.

    The organization is currently working on a new trade negotiation called the Doha

    Development Agenda launched in 2001.

    Where countries have faced trade barriers and wanted them lowered, the negotiations

    have helped to liberalize trade. But the WTO is not just about liberalizing trade, and in

    some circumstances its rules support maintaining trade barriers for example to protect

    consumers or prevent the spread of disease.

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    The WTO's main activities are:

    Negotiating the reduction or elimination of obstacles to trade (import tariffs, other

    barriers to trade) and agreeing on rules governing the conduct of international trade(e.g. antidumping, subsidies, product standards, etc.)

    Administering and monitoring the application of the WTO's agreed rules for trade

    in goods, trade in services, and trade-related intellectual property rights

    Monitoring and reviewing the trade policies of our members, as well as ensuring

    transparency of regional and bilateral trade agreements

    Settling disputes among our members regarding the interpretation and applicationof the agreements

    Building capacity of developing country government officials in international trade

    matters

    Assisting the process of accession of some 30 countries who are not yet members

    of the organization

    Conducting economic research and collecting and disseminating trade data in

    support of the WTO's other main activities

    Explaining to and educating the public about the WTO, its mission and its

    activities.

    Its a set of rules At its heart are the WTO agreements, negotiated and signed

    by the bulk of the worlds trading nations. These documents provide the legal

    ground-rules for international commerce. They are essentially contracts, binding

    governments to keep their trade policies within agreed limits. Although negotiated

    and signed by governments, the goal is to help producers of goods and services,

    exporters, and importers conduct their business, while allowing governments to

    meet social and environmental objectives.

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    The WTO has 153 members which represents more than 95% of the total world trade.

    The WTO is governed by ministerial conference, which meets every two years; a General

    council which implements the conferences policy decisions and is responsible for day to

    day administration and a director general who is appointed by Ministerial Conference.

    The WTO headquarters is in Geneva, Switzerland.

    The WTO agreements cover goods, services and intellectual property. They spell out the

    principles of liberalization, and the permitted exceptions. They include individual

    countries commitments to lower customs tariffs and other trade barriers, and to open and

    keep open services markets. They set procedures for settling disputes. They prescribe

    special treatment for developing countries. They require governments to make their trade

    policies transparent by notifying the WTO about laws in force and measures adopted, and

    through regular reports by the secretariat on countries trade policies.

    These agreements are often called the WTOs trade rules, and the WTO is often

    described as rules-based, a system based on rules. But its important to remember that

    the rules are actually agreements that governments negotiated.

    The systems overriding purpose is to help trade flow as freely as possible so long

    as there are no undesirable side-effects because this is important for economic

    development and well-being. That partly means removing obstacles. It also means

    ensuring that individuals, companies and governments know what the trade rules are

    around the world, and giving them the confidence that there will be no sudden

    changes of policy. In other words, the rules have to be transparent and predictable.

    And it helps to settle disputes This is a third important side to the WTOs work.

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    Trade relations often involve conflicting interests. Agreements, including those

    painstakingly negotiated in the WTO system, often need interpreting.

    The most harmonious way to settle these differences is through some neutral procedure

    based on an agreed legal foundation. That is the purpose behind the dispute settlement

    process written into the WTO agreements.Born in 1995, but not so young

    The WTO began life on 1 January 1995, but its trading system is half a century older.

    Since 1948, the General Agreement on Tariffs and Trade (GATT) had provided the

    rules for the system. (The second WTO ministerial meeting, held in Geneva in May

    1998, included a celebration of the 50th anniversary of the system.)

    It did not take long for the General Agreement to give birth to an unofficial, de facto

    international organization, also known informally as GATT. Over the years GATT

    evolved through several rounds of negotiations.The last and largest GATT round, was the

    Uruguay Round which lasted from 1986 to 1994 and led to the WTOs creation. Whereas

    GATT had mainly dealt with trade in goods, the WTO and its agreements now cover

    trade in services, and in traded inventions, creations and designs (intellectual property).

    WTO AGREEMENTS

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    The Marrakesh Agreement Establishing the World Trade Organization

    Annex 1A: Multilateral Agreement on Trade in Goods

    General Agreement on Tariffs and Trade 1994(GATT 1994)

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    Agreement on Agriculture

    On Application of Sanitary and Phytosanitary (SPS) Measures

    On Textiles and Clothing

    Agreement on Technical Barriers to Trade (TBT)

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    Agreement on Trade- Related Investment Measures (TRIMs)

    Article VI of the GATT 1994: Anti- Dumping Agreement

    Article VII of the GATT 1994: Customs Valuation Agreement

    Agreement on Pre-shipment Inspection (PSI)

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    Agreement on Rules of Origin

    Agreement on Import Licensing Procedures

    Agreement on Subsidies and Countervailing Measures

    Agreement on Safeguards

    Annex 1B: General Agreement on Trade in Services (GATS)

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    Annex 1C: Agreement on Trade Related Aspects of Intellectual Property Rights

    Annex 2: Understanding on Rules and Procedures Governing the Settlement of Disputes

    Annex 3: Trade Policy Review Mechanism (TPRM)

    Annex 4: Plurilateral Trade Agreements

    Agreement on Trade in Civil Aircraft

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    Agreement on Government Procurement

    IS WTO A GROWTH ENGINE FOR DEVELOPED NATIONS

    Lack of flexibility by developed nations is holding back the progress on agreements that

    would help developing countries benefit from a liberal, multilateral trade regime. The

    reality is that the European Union offer on agriculture in the WTO negotiations goes a

    very long way to meet the interests of the developing countries. The alternative to

    European Union strategy was the globalization strategy of the Cairns Group of countries

    and the U.S. to some extent, which would be extremely negative for both the developing

    countries and the European union.

    The stated aim of WTO is to promote free trade and stimulate economic growth. People

    argued that free trade leads to a divergence instead of convergence of income levels

    within rich and poor countries. The WTO does not manage the global economy

    impartially , but, in its operations, has a systematic bias toward rich countries, and

    multinational co-operations harming smaller countries which have less negotiation

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    power. The reasons are market access in the industry has not improved. Developed

    countries have had no gains yet from the phasing out of textiles quotas, non-tariff barriers

    such as anti-dumping measures have increased, and domestic support and export

    subsidies for agricultural products in the rich countries remain high. It may be argued

    also, that the African countries are being marginalized in this vein , and are less

    integrated financially and technologically.

    Though critics argue that many developing countries have not benefitted from the

    Uruguay Round , which may be understandable for African countries , to some extent,

    however , we must also understand that inspite of WTO being a growth engine for

    developed countries, it has brought in its vein, boons for the less developed, too.

    In the last few years WTO members have concentrated a lot of efforts into improving the

    condition of least-developed countries (LDCs) inside the multilateral trading system, both

    in terms of market access and technical assistance. Measures taken in the framework of

    the WTO can help LDCs increase their exports to other WTO members and attract

    investment.

    In many developing countries, pro-market reforms have encouraged faster growth,

    diversification of exports, and more effective participation in the multilateral trading

    system. Excluding countries at war or in transition, export growth in developing countries

    has risen from 4.3% a year in the 1980s to 6.4% in the 1990s. Growth in GDP per person

    has risen from 0.4% year to 1.5% per year.

    Even the least-developed countries are doing slightly better, though not as well as other

    developing countries. Again, excluding countries at war or in transition, export growth in

    LDCs has risen from 2.9% a year in the 1980s to 3.2% in the 1990s. And whereas GDP

    per person fell by 0.6% a year in the 1980s, it rose by 0.8% a year in the 1990s.

    Specifically, the WTO has delivered for LDCs in the following areas:

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    First, there have been significant improvements in market access opportunities for LDCs.

    Twenty eight WTO members have pledged market access improvements. Many of them

    have actually agreed to drop all barriers and provide duty-free and quota-free treatment

    to all LDC exports. They join a number of other countries who already provide open

    markets. The average non-weighted tariff applied by major trading partners to LDCs

    exports has fallen from 10.6% in 1997 to 6.9% in the first quarter of 2001.

    For example:

    Canada, effective 1 September 2000, added a further 570 tariff lines to the list of goods

    from LDCs eligible for duty-free treatment. About 90% of all LDC imports will now

    receive duty-free treatment;

    New Zealand, since 1 July 2001, offers duty-free and quota-free access to all imports

    from LDCs

    The European Union, Norway and Switzerland provide duty-free, quota-free market

    access for all LDC exports (except arms). A transition period is in place for a few specific

    products.

    Egypt notified tariff reductions ranging from 10% to 20% of existing applied duties for

    77 products of export interest to LDCs, and provides duty free access for about 50

    products. In addition, Egypt bound customs duties, with a 10% reduction for industrial

    products imported from LDCs.

    Second, the Integrated Framework (IF) the joint IMF, ITC, UNCTAD, UNDP, World

    Bank and WTO technical assistance program for LDCs has been redesigned and is in

    operation on a Pilot Basis in Cambodia, Madagascar and Mauritania. It will help LDCs

    mainstream trade into their national development plans and strategies for poverty

    reduction. It will help ensure trade, as an engine for growth, is central to development

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    plans. It will also ensure that trade-related technical assistance and capacity building is

    delivered within a coherent policy framework rather than on a stand-alone basis. The

    possibility of the extension of the IF Pilot Scheme is being examined, based on progress

    reported at the Fourth WTO Ministerial Conference..

    Third, WTO members are currently looking at means to assist as much as possible those

    LDCs in the process of joining the WTO. LDCs acceding to the WTO have to learn and

    to understand how the WTO works. They need to draft domestic laws that comply with

    WTO rules. They need to establish mechanisms for enforcing those rules. And they need

    to negotiate with existing members suitable conditions of entry to the WTO. LDCs

    currently in the process of accession to the WTO are: Bhutan, Cambodia, Cape Verde,

    Lao Peoples Democratic Republic, Nepal, Samoa, Sudan, Vanuatu and Yemen. In

    addition, Ethiopia and Sao Tome & Principe are WTO observers.

    Fourth, WTO members have taken a host of initiatives to help LDCs participate more

    fully at the WTO. These include:

    activities for non-resident members and observers to ensure that those countries not

    represented in Geneva can still follow the daily business of the WTO and still be an

    integral part of the WTO process;

    the Geneva Week: an annual event bringing together senior officials from capitals and

    European-based missions not only of LDCs but also of other small economies to

    learn and exchange views concerning critical areas of the WTO work;

    improvement of the WTOs Trade Policy Review Mechanism: as well as shedding light

    on a countrys trade rules, it now helps trade policy capacity building and the

    mainstreaming of trade priorities into national development plans and poverty reduction

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    strategies; expansion of the WTO training and policy courses; establishment of WTO

    reference centres connecting LDCs capitals to WTO sources of information through the

    Internet; establishment of a new programme to fund interns within country missions in

    Geneva; facilitating the participation of LDCs at WTO Ministerials for example,

    financing LDC trade ministers travel and hotel expenses.

    Fifth, and finally, the WTO provides a forum where LDCs can and do raise particular

    problems relating to food safety and quality standards. Indeed, LDCs can find it difficult

    to comply in their exports with developed countries sanitary standards. WTO agreements

    limit importing countries scope to impose arbitrary requirements on LDCs exports, and

    encourage the use of internationally developed standards. The Director-General himself

    has initiated high-level discussions with the secretariats of international standard-setting

    bodies to improve LDCs participation and capacity to make full use of international

    standards.

    The WTO recognizes as least-developed countries (LDCs) those countries which have

    been designated as such by the United Nations. There are currently 49 least-developed

    countries on the UN list, 30 of which to date have become WTO members.

    These are: Angola; Bangladesh; Benin; Burkina Faso; Burundi; Central African

    Republic; Chad; Congo, Democratic Republic of the; Djibouti; Gambia; Guinea; Guinea

    Bissau; Haiti; Lesotho; Madagascar; Malawi; Maldives; Mali; Mauritania; Mozambique;

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    Myanmar; Niger; Rwanda; Senegal; Sierra Leone; Solomon Islands; Tanzania; Togo;

    Uganda; Zambia.

    Nine additional least-developed countries are in the process of accession to the WTO.

    They are: Bhutan; Cambodia; Cape Verde; Laos; Nepal; Samoa; Sudan; Vanuatu and

    Yemen. Furthermore, Ethiopia and Sao Tome & Principe are WTO Observers.

    ISSUES RELATED TO INDIA AND OTHER DEVELOPING NATIONS

    AND WTO

    The first issue is the nature of the subject; are we talking about the comparative

    advantage of developing countries which comes from lower wage levels - as the issue is

    sometimes presented - or are we talking about human rights or labour standards? It is

    fundamentally important to clarify the terms of the debate as it relates to trade.

    The second point is to identify what are the key issues related to trade; for example, are

    we talking about child labour or trade union rights in terms of labour standards or in

    terms of human rights.

    While no-one should challenge the legitimate right of developing countries to use the

    comparative advantage of lower costs, and no-one should use human rights and issues of

    social standards as an excuse for disguised protectionism, no country should deliberately

    deny workers' rights or attempt to generate artificially-lower costs by forced labour,

    discrimination against women, exploitation of children or other such abuses.

    The growth of regionalism is a more complex issue. There is no natural contradiction

    between regionalism and the multilateral system. This has been the shared assessment of

    the great majority of the international trade community. The real contradiction, it must

    always be emphasised, is between open trade and protectionism. Regional trade

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    initiatives can certainly help to lower trade barriers and thus promote economic growth.

    But the relationship between regionalism and a multilateral system based on the MFN

    principle is nonetheless a complex one. The provisions of the GATT have sought to

    ensure compatibility by requiring regional agreements to cover substantially all trade

    among the partners and to promote trade policies which do not lead to higher protection

    or extra restrictions on the trade of non-members.

    Until quite recently, there was only one large regional grouping, and that was limited to a

    number of western European countries. The US was historically opposed to regionalism.

    But this situation has changed. Since the 1980s, the US has begun to build its own

    regional agreements, through free trade with Canada, through NAFTA, and through

    APEC, etc. Now, almost all the member countries of the WTO also belong to a regional

    trade agreement. The importance of regional agreements as a means of tariff reduction

    has declined (this is also thanks to the success of the GATT). Regional agreements are

    becoming more and more important in terms of trade rules, and for the political weight

    they represent in international negotiations. These are elements which could break up the

    parallelism between regional and multilateral progress; there is the risk that antagonism

    between regional groups could make progress in the multilateral system more difficult.

    Furthermore, regional initiatives such as the suggestions for a trans-Atlantic free trade

    area could give the impression of re-erecting a discriminatory divide between the rich

    North and the poorer South.

    At the core of this relationship, there is the basic question of the kind of international

    system we want: a global system based on the principle of non-discrimination embodied

    in agreed and enforceable rules, or a world divided into regional blocs with all the

    consequences this would imply for political stability and security. If we decrease our

    imports from the developing countries, we decrease their growth and our growth alike.

    And the growth of many developing countries will be the most powerful engine for

    growth in developed countries. At the same time, if we reduce export opportunities for

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    developing countries we only increase unemployment and poverty in these countries, and

    further restrict opportunities for their young people. And if we try to close our borders

    both to goods and to people we will just increase instability, violence, war and terrorism.

    So the only sustainable policy for us and for the developing countries is to continue a

    strong commitment to openness.

    That is why we need to keep the multilateral system, with its reliable framework of

    principles and rules in good repair; it is a firm foothold in a shifting world. Liberalization

    within the multilateral system means that this unstoppable process can be implemented

    within internationally agreed rules and disciplines. This is the opposite of a chaotic and

    unchecked process - without the security of the multilateral system, change would indeed

    be a leap in the dark. At the same time, the multilateral system is becoming more and

    more a political issue. This is happening because its evolution increasingly concerns

    national regulatory policies more than cross-border obstacles; and it is happening because

    the challenges to the system are increasingly political rather than technical. In this

    context, it could become very important to consider the possibility of strengthening the

    institutional basis of the system - for example by enhancing the political dimension of its

    central institution, the WTO.

    There is public and political disenchantment with international institutions. This is tied,

    in part, to the discomfort and suspicion attached to transfers of national governance in a

    globalizing economy and to a lack of coherence in policy-making at the inter-

    governmental level. It is tied also to a view that powerful international bodies are less

    accountable to the ordinary citizen than should be the case. It is a view we cannot share.

    It is governments which negotiate in institutions like the WTO, and governments are

    accountable to their citizens.

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    In the area of trade, there is a view that nothing further should be negotiated at the global

    level unless the particular concerns of those developing countries which have yet to

    succeed in the international market place are first dealt with. We do not accept that this

    failure to achieve co-called "equitable" results demonstrates a shortcoming of the

    multilateral trading system. We do, however, believe that much greater effort can and

    must be made to ensure that the poorer nations are able to draw maximum benefit both

    through the efforts of the private sector and government and through the properly

    coordinated delivery of assistance from all the international agencies involved.

    At present, there is a clear drift by governments from reliance on securing objectives

    through the multilateral framework to initiatives at the bilateral and regional level.

    Individually, many of these initiatives make sense. In the absence of significant

    movement in the WTO, they are understandable. If they are consistent with WTO rules

    we would not condemn them. Nevertheless, we are concerned by their collective effect.

    In particular, closed, discriminatory trade agreements fragment the trading system and

    close down options for those outside. While poor developing countries can pursue their

    own regional integration initiatives, these can never be a substitute for their global

    economic integration.

    We are struck by the very high level of trade dispute settlement cases being handled in

    the WTO. In one sense, this is a sign of the success and effectiveness of the new system

    which emerged from the Uruguay Round. It is notable that developing countries are

    making increased use of the system as complainants. Our concern is that the dispute

    settlement system is being used as a means of filling out gaps in the WTO system; first,

    where rules and disciplines have not been put in place by its member governments or,

    second, are the subject of differences of interpretation. In other words, there is an

    excessive resort to litigation as a substitute for negotiation. This trend is dangerous in

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    itself. The obligations which WTO members assume are properly for the member

    governments themselves to negotiate. The issue is still more concerning given certain

    public perceptions that the process of dispute settlement in the WTO is over-secret and

    over-powerful.

    Generally, there is widespread misunderstanding of the multilateral trading system. This

    has led to public and political distrust in some, largely industrial, countries. In part,

    misunderstanding is the result of deliberate misrepresentation. In part it reflects the

    limited attention by the WTO's member governments to explaining and making available

    tools for adequate public information. There is a pressing need to demonstrate the

    system's role and importance in the process of globalization as well as to emphasize its

    limitations in achieving progress in fields which are not tied closely to trade. All of us

    need to keep in mind that there is no other rules-based system available to pursue the

    goals of economic development: the only other systems are power-based.

    WTO & INDIA

    India does not stand to gain much by shouting for agriculture reforms in developed

    countries because the overall tariff is lower in those countries. India will have to tart

    major reforms in agriculture sector in India to make Agriculture globally competitive.

    Same way it is questionable if India will be major beneficiary in dismantling of quotas,

    which were available under MFA for market access in US and some EU countries. It is

    likely that China, Germany, North African countries, Mexico and such others may reap

    benefit in textiles and Clothing areas unless India embarks upon major reforms in

    modernization and up gradation of textile sector including apparels.

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    Some of Singapore issues are also important like Government procure, Trade and

    Investment, Trade facilitation and market access mechanism.

    TEXTILES AND CLOTHING:

    There was a reduction in tariff on textiles and clothing which was done in the following

    phases:

    a. 16% of imports have been made tariff free on 1st jan,1995

    b. Further 17% of imports have been made tariff free on 1st jan,1998.

    c. Further 18% of imports have been made tariff free on 1st jan,2002

    d .Remaining 49% of imports have been made tariff free on 1st jan,2005

    PHARMA SECTOR:

    In Pharma-sector there is a need for major investments in R &D and mergers and

    restructuring of companies to make them world class to take advantage. India has already

    amended patent Act and both product and Process are now patented in India. However,

    the large number of patents going off in USA recently, gives the Indian Drug companies

    windfall opportunities, if tapped intelligently. Some companies in India have organized

    themselves for this.

    Excerpts from Speech of Ramkrishna Hegde, the then Minister, at Geneva in 1998-

    "In order to make WTO an effective multilateral body, which serves the objectives for

    which it was set up, it is necessary to go back to the basic principles. The Uruguay Round

    negotiators had stated their intentions quite clearly in the Preamble to the MarrakeshAgreement establishing the WTO. They recognised "that their relations in the field of

    trade and economic endeavour should be conducted with a view to raising standards of

    living, ensuring full employment and a large and steadily growing volume of real income

    and effective demand, and expanding the production of and trade in goods and services,

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    while allowing for the optimal use of the world's resources in accordance with the

    objective of sustainable development, seeking both to protect and preserve the

    environment and to enhance the means for doing so in a manner consistent with their

    respective needs and concerns at different levels of economic development. They

    recognized also "that there is need for positive efforts designed to ensure that developing

    countries, and especially the least developed among them, secure a share in the growth in

    international trade commensurate with the needs of their economic development".

    THE OBJECTIVE OF WTO REITRATED:

    It is very clear that the intention of the negotiators was to use trade as an instrument for

    development, to raise standards of living, expand production, keeping in view,

    particularly, the needs of developing countries and least-developed countries. The WTO

    must never lose sight of this basic principle. Every act of implementation and of

    negotiation, every legal decision, has to be viewed in this context. Trade, as an instrument

    for development, should be the cornerstone of all our deliberations, decisions and actions.

    Besides, the system should be seen to be equitable and fair. It must be used in such a

    manner that the letter and spirit of the Agreements is fully observed. The WTO Members

    must mutually support and encourage each other to achieve the final goal. It must be

    recognized that all Members should assume a negotiating rather than an adversarial

    posture. It should also be recognized that different economies have different features and

    structures, different problems, different cultures. The pace of change must be carefully

    calibrated to take into account such differences. All Members should guard against

    unilateral action that cuts at the root of multilateral agreement and consensus.

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    Developing countries have generally been apprehensive in particular about the

    implementation of special and differential treatment provisions (S&D) in various

    Uruguay Round Agreements. Full benefits of these provisions have not accrued to the

    developing countries, as clear guidelines have not been laid down on how these are to be

    implemented. "

    The first Ministerial Conference held in 1996 in Singapore saw the commencement of

    pressures to enlarge the agenda of WTO. Pressures were generated to introduce new

    Agreements on Investment, Competition Policy, Transparency in Government

    Procurement and Trade Facilitation. The concept of Core Labor Standards was also taken

    up for introduction.

    India and the developing countries, which were already under the burden of fulfilling the

    commitments undertaken through the Uruguay Round Agreements, and who also

    perceived many of the new issues to be non-trade issues, resisted the introduction of these

    new subjects into WTO. They were partly successful. The Singapore Ministerial

    Conference (SMC) set up open-ended Work Program to study the relationship between

    Trade and Investment; Trade and Competition Policy; to conduct a study on

    Transparency in Government Procurement practices; and do analytical work on

    simplification of trade procedures (Trade Facilitation).

    Participation in the system: opportunities and concerns :

    The WTO agreements, which were the outcome of the 1986-94 Uruguay Round of trade

    negotiations, provide numerous opportunities for developing countries to make gains.

    Further liberalization through the Doha Agenda negotiations aims to improve the

    opportunities.

    Among the gains are export opportunities. They include:

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    Fundamental reforms in agricultural trade

    Phasing out quotas on developing countries exports of textiles and clothing

    Reductions in customs duties on industrial products

    Expanding the number of products whose customs duty rates are bound under the

    WTO, making the rates difficult to raise

    Phasing out bilateral agreements to restrict traded quantities of certain goods these

    grey area measures (the so-called voluntary export restraints) are not really recognized

    under GATT-WTO.

    In addition, liberalization under the WTO boosts global GDP and stimulates world

    demand for developing countries exports.

    But a number of problems remain. Developing countries have placed on the Doha

    Agenda a number of problems they face in implementing the present agreements.

    And they complain that they still face exceptionally high tariffs on selected products

    (tariff peaks) in important markets that continue to obstruct their important exports.

    Examples include tariff peaks on textiles, clothing, and fish and fish products. In the

    Uruguay Round, on average, industrial countries made slightly smaller reductions in their

    tariffs on products which are mainly exported by developing countries (37%), than on

    imports from all countries (40%). At the same time, the potential for developing countries

    to trade with each other is also hampered by the fact that the highest tariffs are sometimes

    in developing countries themselves. But the increased proportion of trade covered by

    bindings (committed ceilings that are difficult to remove) has added security to

    developing country exports.

    A related issue is tariff escalation, where an importing country protects its processing

    or manufacturing industry by setting lower duties on imports of raw materials and

    components, and higher duties on finished products. The situation is improving. Tariff

    escalation remains after the Uruguay Round, but it is less severe, with a number of

    developed countries eliminating escalation on selected products. Now, the Doha agenda

    http://www.wto.org/english/thewto_e/whatis_e/tif_e/agrm2_e.htm#bindinghttp://www.wto.org/english/thewto_e/whatis_e/tif_e/dev4_e.htm#peaks%23peakshttp://www.wto.org/english/thewto_e/whatis_e/tif_e/fact2_e.htm#bindhttp://www.wto.org/english/thewto_e/whatis_e/tif_e/dev4_e.htm#escalation%23escalationhttp://www.wto.org/english/thewto_e/whatis_e/tif_e/agrm2_e.htm#bindinghttp://www.wto.org/english/thewto_e/whatis_e/tif_e/dev4_e.htm#peaks%23peakshttp://www.wto.org/english/thewto_e/whatis_e/tif_e/fact2_e.htm#bindhttp://www.wto.org/english/thewto_e/whatis_e/tif_e/dev4_e.htm#escalation%23escalation
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    includes special attention to be paid to tariff peaks and escalation so that they can be

    substantially reduced.

    CURRENT ISSUES UNDER DISCUSSION IN WTO FORUM

    The environment: a specific concern:

    The WTO has no specific agreement dealing with the environment. However, the

    WTO agreements confirm governments right to protect the environment, provided

    certain conditions are met, and a number of them include provisions dealing with

    environmental concerns. The objectives of sustainable development and environmental

    protection are important enough to be stated in the preamble to the

    Agreement Establishing the WTO.

    The increased emphasis on environmental policies is relatively recent in the 60-year

    history of the multilateral trading system. At the end of the Uruguay Round in 1994,

    trade ministers from participating countries decided to begin a comprehensive

    work programme on trade and environment in the WTO. They created the Trade

    and Environment Committee. This has brought environmental and sustainable

    development issues into the mainstream of WTO work. The 2001 Doha Ministerial

    Conference kicked off negotiations in some aspects of the subject.

    The committee: broad-based responsibility. The committee has a broad-based

    responsibility covering all areas of the multilateral trading system goods, services and

    intellectual property. Its duties are to study the relationship between trade and theenvironment, and to make recommendations about any changes that might be needed in

    the trade agreements. The committees work is based on two important principles:

    The WTO is only competent to deal with trade. In other words, in environmental

    issues its only task is to study questions that arise when environmental policies

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    have a significant impact on trade. The WTO is not an environmental agency. Its

    members do not want it to intervene in national or international environmental

    policies or to set environmental standards. Other agencies that specialize in

    environmental issues are better qualified to undertake those tasks.

    If the committee does identify problems, its solutions must continue to uphold

    the principles of the WTO trading system.

    More generally WTO members are convinced that an open, equitable and

    nondiscriminatory multilateral trading system has a key contribution to make to national

    and international efforts to better protect and conserve environmental resources

    and promote sustainable development. This was recognized in the results of the

    1992 UN Conference on Environment and Development in Rio (the Earth

    Summit) and its 2002 successor, the World Summit on Sustainable Development

    in Johannesburg. The committees work programme focuses on 10 areas. Its agenda is

    driven by proposals from individual WTO members on issues of importance to them. The

    following sections outline some of the issues, and what the committee has concluded so

    far:

    Green provisions:

    Examples of provisions in the WTO agreements dealing with environmental issues

    GATT Article 20: policies affecting trade in goods for protecting human, animal or

    plant life or health are exempt from normal GATT disciplines under certain

    conditions.

    Technical Barriers to Trade (i.e. product and industrial standards), and Sanitary

    and Phytosanitary Measures (animal and plant health and hygiene): explicit

    recognition of environmental objectives.

    Agriculture: environmental programmes exempt from cuts in subsidies

    Subsidies and Countervail: allows subsidies, up to 20% of firms costs, for

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    adapting to new environmental laws.

    Intellectual property: governments can refuse to issue patents that threaten

    human, animal or plant life or health, or risk serious damage to the environment

    (TRIPS Article 27).

    GATS Article 14: policies affecting trade in services for protecting human, animal

    or plant life or health are exempt from normal GATS disciplines under certain

    conditions.

    Member- countries and Observers :

    153 members on 23 July 2008 (with dates of membership).

    Click any member to see key information on trade statistics, WTO commitments,

    disputes, trade policy reviews, and notifications.

    Albania 8 September 2000

    Angola 23 November 1996

    Antigua and Barbuda 1 January 1995

    Argentina 1 January 1995

    Armenia 5 February 2003

    Australia 1 January 1995

    Austria 1 January 1995

    Bahrain, Kingdom of 1 January 1995

    Bangladesh 1 January 1995

    Barbados 1 January 1995

    Belgium 1 January 1995

    http://www.wto.org/english/thewto_e/countries_e/albania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/angola_e.htmhttp://www.wto.org/english/thewto_e/countries_e/antigua_and_barbuda_e.htmhttp://www.wto.org/english/thewto_e/countries_e/argentina_e.htmhttp://www.wto.org/english/thewto_e/countries_e/armenia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/australia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/austria_e.htmhttp://www.wto.org/english/thewto_e/countries_e/bahrain_e.htmhttp://www.wto.org/english/thewto_e/countries_e/bangladesh_e.htmhttp://www.wto.org/english/thewto_e/countries_e/barbados_e.htmhttp://www.wto.org/english/thewto_e/countries_e/belgium_e.htmhttp://www.wto.org/english/thewto_e/countries_e/albania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/angola_e.htmhttp://www.wto.org/english/thewto_e/countries_e/antigua_and_barbuda_e.htmhttp://www.wto.org/english/thewto_e/countries_e/argentina_e.htmhttp://www.wto.org/english/thewto_e/countries_e/armenia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/australia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/austria_e.htmhttp://www.wto.org/english/thewto_e/countries_e/bahrain_e.htmhttp://www.wto.org/english/thewto_e/countries_e/bangladesh_e.htmhttp://www.wto.org/english/thewto_e/countries_e/barbados_e.htmhttp://www.wto.org/english/thewto_e/countries_e/belgium_e.htm
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    Belize 1 January 1995

    Benin 22 February 1996

    Bolivia 12 September 1995

    Botswana 31 May 1995

    Brazil 1 January 1995

    Brunei Darussalam 1 January 1995

    Bulgaria 1 December 1996

    Burkina Faso 3 June 1995

    Burundi 23 July 1995

    Cambodia 13 October 2004

    Cameroon 13 December 1995

    Canada 1 January 1995

    Cape Verde 23 July 2008

    Central African Republic 31 May 1995

    Chad 19 October 1996

    Chile 1 January 1995

    China 11 December 2001

    Colombia 30 April 1995

    Congo 27 March 1997

    Costa Rica 1 January 1995

    Cte d'Ivoire 1 January 1995

    Croatia 30 November 2000

    Cuba 20 April 1995

    Cyprus 30 July 1995

    Czech Republic 1 January 1995

    Democratic Republic of the Congo 1 January 1997

    Denmark 1 January 1995

    http://www.wto.org/english/thewto_e/countries_e/belize_e.htmhttp://www.wto.org/english/thewto_e/countries_e/benin_e.htmhttp://www.wto.org/english/thewto_e/countries_e/bolivia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/botswana_e.htmhttp://www.wto.org/english/thewto_e/countries_e/brazil_e.htmhttp://www.wto.org/english/thewto_e/countries_e/brunei_darussalam_e.htmhttp://www.wto.org/english/thewto_e/countries_e/bulgaria_e.htmhttp://www.wto.org/english/thewto_e/countries_e/burkina_faso_e.htmhttp://www.wto.org/english/thewto_e/countries_e/burundi_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cambodia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cameroon_e.htmhttp://www.wto.org/english/thewto_e/countries_e/canada_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cape_verde_e.htmhttp://www.wto.org/english/thewto_e/countries_e/central_african_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/chad_e.htmhttp://www.wto.org/english/thewto_e/countries_e/chile_e.htmhttp://www.wto.org/english/thewto_e/countries_e/china_e.htmhttp://www.wto.org/english/thewto_e/countries_e/colombia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/congo_e.htmhttp://www.wto.org/english/thewto_e/countries_e/costa_rica_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cote_ivoire_e.htmhttp://www.wto.org/english/thewto_e/countries_e/croatia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cuba_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cyprus_e.htmhttp://www.wto.org/english/thewto_e/countries_e/czech_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/democratic_republique_congo_e.htmhttp://www.wto.org/english/thewto_e/countries_e/denmark_e.htmhttp://www.wto.org/english/thewto_e/countries_e/belize_e.htmhttp://www.wto.org/english/thewto_e/countries_e/benin_e.htmhttp://www.wto.org/english/thewto_e/countries_e/bolivia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/botswana_e.htmhttp://www.wto.org/english/thewto_e/countries_e/brazil_e.htmhttp://www.wto.org/english/thewto_e/countries_e/brunei_darussalam_e.htmhttp://www.wto.org/english/thewto_e/countries_e/bulgaria_e.htmhttp://www.wto.org/english/thewto_e/countries_e/burkina_faso_e.htmhttp://www.wto.org/english/thewto_e/countries_e/burundi_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cambodia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cameroon_e.htmhttp://www.wto.org/english/thewto_e/countries_e/canada_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cape_verde_e.htmhttp://www.wto.org/english/thewto_e/countries_e/central_african_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/chad_e.htmhttp://www.wto.org/english/thewto_e/countries_e/chile_e.htmhttp://www.wto.org/english/thewto_e/countries_e/china_e.htmhttp://www.wto.org/english/thewto_e/countries_e/colombia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/congo_e.htmhttp://www.wto.org/english/thewto_e/countries_e/costa_rica_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cote_ivoire_e.htmhttp://www.wto.org/english/thewto_e/countries_e/croatia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cuba_e.htmhttp://www.wto.org/english/thewto_e/countries_e/cyprus_e.htmhttp://www.wto.org/english/thewto_e/countries_e/czech_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/democratic_republique_congo_e.htmhttp://www.wto.org/english/thewto_e/countries_e/denmark_e.htm
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    Djibouti 31 May 1995

    Dominica 1 January 1995

    Dominican Republic 9 March 1995

    Ecuador 21 January 1996

    Egypt 30 June 1995

    El Salvador 7 May 1995

    Estonia 13 November 1999

    European Communities 1 January 1995

    Fiji 14 January 1996

    Finland 1 January 1995

    Former Yugoslav Republic of Macedonia (FYROM) 4 April 2003

    France 1 January 1995

    Gabon 1 January 1995

    The Gambia 23 October 1996

    Georgia 14 June 2000

    Germany 1 January 1995

    Ghana 1 January 1995

    Greece 1 January 1995

    Grenada 22 February 1996

    Guatemala 21 July 1995

    Guinea 25 October 1995

    Guinea Bissau 31 May 1995

    Guyana 1 January 1995

    Haiti 30 January 1996

    Honduras 1 January 1995

    Hong Kong, China 1 January 1995

    Hungary 1 January 1995

    http://www.wto.org/english/thewto_e/countries_e/djibouti_e.htmhttp://www.wto.org/english/thewto_e/countries_e/dominica_e.htmhttp://www.wto.org/english/thewto_e/countries_e/dominican_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/ecuador_e.htmhttp://www.wto.org/english/thewto_e/countries_e/egypt_e.htmhttp://www.wto.org/english/thewto_e/countries_e/el_salvador_e.htmhttp://www.wto.org/english/thewto_e/countries_e/estonia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/european_communities_e.htmhttp://www.wto.org/english/thewto_e/countries_e/fiji_e.htmhttp://www.wto.org/english/thewto_e/countries_e/finland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/macedonia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/france_e.htmhttp://www.wto.org/english/thewto_e/countries_e/gabon_e.htmhttp://www.wto.org/english/thewto_e/countries_e/the_gambia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/georgia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/germany_e.htmhttp://www.wto.org/english/thewto_e/countries_e/ghana_e.htmhttp://www.wto.org/english/thewto_e/countries_e/greece_e.htmhttp://www.wto.org/english/thewto_e/countries_e/grenada_e.htmhttp://www.wto.org/english/thewto_e/countries_e/guatemala_e.htmhttp://www.wto.org/english/thewto_e/countries_e/guinea_e.htmhttp://www.wto.org/english/thewto_e/countries_e/guinea_bissau_e.htmhttp://www.wto.org/english/thewto_e/countries_e/guyana_e.htmhttp://www.wto.org/english/thewto_e/countries_e/haiti_e.htmhttp://www.wto.org/english/thewto_e/countries_e/honduras_e.htmhttp://www.wto.org/english/thewto_e/countries_e/hong_kong_china_e.htmhttp://www.wto.org/english/thewto_e/countries_e/hungary_e.htmhttp://www.wto.org/english/thewto_e/countries_e/djibouti_e.htmhttp://www.wto.org/english/thewto_e/countries_e/dominica_e.htmhttp://www.wto.org/english/thewto_e/countries_e/dominican_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/ecuador_e.htmhttp://www.wto.org/english/thewto_e/countries_e/egypt_e.htmhttp://www.wto.org/english/thewto_e/countries_e/el_salvador_e.htmhttp://www.wto.org/english/thewto_e/countries_e/estonia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/european_communities_e.htmhttp://www.wto.org/english/thewto_e/countries_e/fiji_e.htmhttp://www.wto.org/english/thewto_e/countries_e/finland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/macedonia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/france_e.htmhttp://www.wto.org/english/thewto_e/countries_e/gabon_e.htmhttp://www.wto.org/english/thewto_e/countries_e/the_gambia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/georgia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/germany_e.htmhttp://www.wto.org/english/thewto_e/countries_e/ghana_e.htmhttp://www.wto.org/english/thewto_e/countries_e/greece_e.htmhttp://www.wto.org/english/thewto_e/countries_e/grenada_e.htmhttp://www.wto.org/english/thewto_e/countries_e/guatemala_e.htmhttp://www.wto.org/english/thewto_e/countries_e/guinea_e.htmhttp://www.wto.org/english/thewto_e/countries_e/guinea_bissau_e.htmhttp://www.wto.org/english/thewto_e/countries_e/guyana_e.htmhttp://www.wto.org/english/thewto_e/countries_e/haiti_e.htmhttp://www.wto.org/english/thewto_e/countries_e/honduras_e.htmhttp://www.wto.org/english/thewto_e/countries_e/hong_kong_china_e.htmhttp://www.wto.org/english/thewto_e/countries_e/hungary_e.htm
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    Iceland 1 January 1995

    India 1 January 1995

    Indonesia 1 January 1995

    Ireland 1 January 1995

    Israel 21 April 1995

    Italy 1 January 1995

    Jamaica 9 March 1995

    Japan 1 January 1995

    Jordan 11 April 2000

    Kenya 1 January 1995

    Korea, Republic of 1 January 1995

    Kuwait 1 January 1995

    Kyrgyz Republic 20 December 1998

    Latvia 10 February 1999

    Lesotho 31 May 1995

    Liechtenstein 1 September 1995

    Lithuania 31 May 2001

    Luxembourg 1 January 1995

    Macao, China 1 January 1995

    Madagascar 17 November 1995

    Malawi 31 May 1995

    Malaysia 1 January 1995

    Maldives 31 May 1995

    Mali 31 May 1995

    Malta 1 January 1995

    Mauritania 31 May 1995

    Mauritius 1 January 1995

    http://www.wto.org/english/thewto_e/countries_e/iceland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/india_e.htmhttp://www.wto.org/english/thewto_e/countries_e/indonesia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/ireland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/israel_e.htmhttp://www.wto.org/english/thewto_e/countries_e/italy_e.htmhttp://www.wto.org/english/thewto_e/countries_e/jamaica_e.htmhttp://www.wto.org/english/thewto_e/countries_e/japan_e.htmhttp://www.wto.org/english/thewto_e/countries_e/jordan_e.htmhttp://www.wto.org/english/thewto_e/countries_e/kenya_e.htmhttp://www.wto.org/english/thewto_e/countries_e/korea_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/kuwait_e.htmhttp://www.wto.org/english/thewto_e/countries_e/kyrgyz_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/latvia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/lesotho_e.htmhttp://www.wto.org/english/thewto_e/countries_e/liechtenstein_e.htmhttp://www.wto.org/english/thewto_e/countries_e/lithuania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/luxembourg_e.htmhttp://www.wto.org/english/thewto_e/countries_e/macao_china_e.htmhttp://www.wto.org/english/thewto_e/countries_e/madagascar_e.htmhttp://www.wto.org/english/thewto_e/countries_e/malawi_e.htmhttp://www.wto.org/english/thewto_e/countries_e/malaysia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/maldives_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mali_e.htmhttp://www.wto.org/english/thewto_e/countries_e/malta_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mauritania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mauritius_e.htmhttp://www.wto.org/english/thewto_e/countries_e/iceland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/india_e.htmhttp://www.wto.org/english/thewto_e/countries_e/indonesia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/ireland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/israel_e.htmhttp://www.wto.org/english/thewto_e/countries_e/italy_e.htmhttp://www.wto.org/english/thewto_e/countries_e/jamaica_e.htmhttp://www.wto.org/english/thewto_e/countries_e/japan_e.htmhttp://www.wto.org/english/thewto_e/countries_e/jordan_e.htmhttp://www.wto.org/english/thewto_e/countries_e/kenya_e.htmhttp://www.wto.org/english/thewto_e/countries_e/korea_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/kuwait_e.htmhttp://www.wto.org/english/thewto_e/countries_e/kyrgyz_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/latvia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/lesotho_e.htmhttp://www.wto.org/english/thewto_e/countries_e/liechtenstein_e.htmhttp://www.wto.org/english/thewto_e/countries_e/lithuania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/luxembourg_e.htmhttp://www.wto.org/english/thewto_e/countries_e/macao_china_e.htmhttp://www.wto.org/english/thewto_e/countries_e/madagascar_e.htmhttp://www.wto.org/english/thewto_e/countries_e/malawi_e.htmhttp://www.wto.org/english/thewto_e/countries_e/malaysia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/maldives_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mali_e.htmhttp://www.wto.org/english/thewto_e/countries_e/malta_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mauritania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mauritius_e.htm
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    Mexico 1 January 1995

    Moldova 26 July 2001

    Mongolia 29 January 1997

    Morocco 1 January 1995

    Mozambique 26 August 1995

    Myanmar 1 January 1995

    Namibia 1 January 1995

    Nepal 23 April 2004

    Netherlands For the Kingdom in Europe and for the Netherlands Antilles

    1 January 1995

    New Zealand 1 January 1995

    Nicaragua 3 September 1995

    Niger 13 December 1996

    Nigeria 1 January 1995

    Norway 1 January 1995

    Oman 9 November 2000

    Pakistan 1 January 1995

    Panama 6 September 1997

    Papua New Guinea 9 June 1996

    Paraguay 1 January 1995

    Peru 1 January 1995Philippines 1 January 1995

    Poland 1 July 1995

    Portugal 1 January 1995

    Qatar 13 January 1996

    http://www.wto.org/english/thewto_e/countries_e/mexico_e.htmhttp://www.wto.org/english/thewto_e/countries_e/moldova_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mongolia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/morocco_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mozambique_e.htmhttp://www.wto.org/english/thewto_e/countries_e/myanmar_e.htmhttp://www.wto.org/english/thewto_e/countries_e/namibia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/nepal_e.htmhttp://www.wto.org/english/thewto_e/countries_e/netherlands_e.htmhttp://www.wto.org/english/thewto_e/countries_e/new_zealand_e.htmhttp://www.wto.org/english/thewto_e/countries_e/nicaragua_e.htmhttp://www.wto.org/english/thewto_e/countries_e/niger_e.htmhttp://www.wto.org/english/thewto_e/countries_e/nigeria_e.htmhttp://www.wto.org/english/thewto_e/countries_e/norway_e.htmhttp://www.wto.org/english/thewto_e/countries_e/oman_e.htmhttp://www.wto.org/english/thewto_e/countries_e/pakistan_e.htmhttp://www.wto.org/english/thewto_e/countries_e/panama_e.htmhttp://www.wto.org/english/thewto_e/countries_e/papua_new_guinea_e.htmhttp://www.wto.org/english/thewto_e/countries_e/paraguay_e.htmhttp://www.wto.org/english/thewto_e/countries_e/peru_e.htmhttp://www.wto.org/english/thewto_e/countries_e/philippines_e.htmhttp://www.wto.org/english/thewto_e/countries_e/poland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/portugal_e.htmhttp://www.wto.org/english/thewto_e/countries_e/qatar_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mexico_e.htmhttp://www.wto.org/english/thewto_e/countries_e/moldova_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mongolia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/morocco_e.htmhttp://www.wto.org/english/thewto_e/countries_e/mozambique_e.htmhttp://www.wto.org/english/thewto_e/countries_e/myanmar_e.htmhttp://www.wto.org/english/thewto_e/countries_e/namibia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/nepal_e.htmhttp://www.wto.org/english/thewto_e/countries_e/netherlands_e.htmhttp://www.wto.org/english/thewto_e/countries_e/new_zealand_e.htmhttp://www.wto.org/english/thewto_e/countries_e/nicaragua_e.htmhttp://www.wto.org/english/thewto_e/countries_e/niger_e.htmhttp://www.wto.org/english/thewto_e/countries_e/nigeria_e.htmhttp://www.wto.org/english/thewto_e/countries_e/norway_e.htmhttp://www.wto.org/english/thewto_e/countries_e/oman_e.htmhttp://www.wto.org/english/thewto_e/countries_e/pakistan_e.htmhttp://www.wto.org/english/thewto_e/countries_e/panama_e.htmhttp://www.wto.org/english/thewto_e/countries_e/papua_new_guinea_e.htmhttp://www.wto.org/english/thewto_e/countries_e/paraguay_e.htmhttp://www.wto.org/english/thewto_e/countries_e/peru_e.htmhttp://www.wto.org/english/thewto_e/countries_e/philippines_e.htmhttp://www.wto.org/english/thewto_e/countries_e/poland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/portugal_e.htmhttp://www.wto.org/english/thewto_e/countries_e/qatar_e.htm
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    Romania 1 January 1995

    Rwanda 22 May 1996

    Saint Kitts and Nevis 21 February 1996

    Saint Lucia 1 January 1995

    Saint Vincent & the Grenadines 1 January 1995

    Saudi Arabia 11 December 2005

    Senegal 1 January 1995

    Sierra Leone 23 July 1995

    Singapore 1 January 1995

    Slovak Republic 1 January 1995

    Slovenia 30 July 1995

    Solomon Islands 26 July 1996

    South Africa 1 January 1995

    Spain 1 January 1995

    Sri Lanka 1 January 1995

    Suriname 1 January 1995

    Swaziland 1 January 1995

    Sweden 1 January 1995

    Switzerland 1 July 1995

    Chinese Taipei 1 January 2002

    Tanzania 1 January 1995

    Thailand 1 January 1995

    Togo 31 May 1995

    Tonga 27 July 2007

    Trinidad and Tobago 1 March 1995

    Tunisia 29 March 1995

    Turkey 26 March 1995

    http://www.wto.org/english/thewto_e/countries_e/romania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/rwanda_e.htmhttp://www.wto.org/english/thewto_e/countries_e/st_kitts_nevis_e.htmhttp://www.wto.org/english/thewto_e/countries_e/saint_lucia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/saint_vincent_grenadines_e.htmhttp://www.wto.org/english/thewto_e/countries_e/saudi_arabia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/senegal_e.htmhttp://www.wto.org/english/thewto_e/countries_e/sierra_leone_e.htmhttp://www.wto.org/english/thewto_e/countries_e/singapore_e.htmhttp://www.wto.org/english/thewto_e/countries_e/slovak_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/slovenia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/solomon_islands_e.htmhttp://www.wto.org/english/thewto_e/countries_e/south_africa_e.htmhttp://www.wto.org/english/thewto_e/countries_e/spain_e.htmhttp://www.wto.org/english/thewto_e/countries_e/sri_lanka_e.htmhttp://www.wto.org/english/thewto_e/countries_e/suriname_e.htmhttp://www.wto.org/english/thewto_e/countries_e/swaziland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/sweden_e.htmhttp://www.wto.org/english/thewto_e/countries_e/switzerland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/chinese_taipei_e.htmhttp://www.wto.org/english/thewto_e/countries_e/tanzania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/thailand_e.htmhttp://www.wto.org/english/thewto_e/countries_e/togo_e.htmhttp://www.wto.org/english/thewto_e/countries_e/tonga_e.htmhttp://www.wto.org/english/thewto_e/countries_e/trinidad_tobago_e.htmhttp://www.wto.org/english/thewto_e/countries_e/tunisia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/turkey_e.htmhttp://www.wto.org/english/thewto_e/countries_e/romania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/rwanda_e.htmhttp://www.wto.org/english/thewto_e/countries_e/st_kitts_nevis_e.htmhttp://www.wto.org/english/thewto_e/countries_e/saint_lucia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/saint_vincent_grenadines_e.htmhttp://www.wto.org/english/thewto_e/countries_e/saudi_arabia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/senegal_e.htmhttp://www.wto.org/english/thewto_e/countries_e/sierra_leone_e.htmhttp://www.wto.org/english/thewto_e/countries_e/singapore_e.htmhttp://www.wto.org/english/thewto_e/countries_e/slovak_republic_e.htmhttp://www.wto.org/english/thewto_e/countries_e/slovenia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/solomon_islands_e.htmhttp://www.wto.org/english/thewto_e/countries_e/south_africa_e.htmhttp://www.wto.org/english/thewto_e/countries_e/spain_e.htmhttp://www.wto.org/english/thewto_e/countries_e/sri_lanka_e.htmhttp://www.wto.org/english/thewto_e/countries_e/suriname_e.htmhttp://www.wto.org/english/thewto_e/countries_e/swaziland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/sweden_e.htmhttp://www.wto.org/english/thewto_e/countries_e/switzerland_e.htmhttp://www.wto.org/english/thewto_e/countries_e/chinese_taipei_e.htmhttp://www.wto.org/english/thewto_e/countries_e/tanzania_e.htmhttp://www.wto.org/english/thewto_e/countries_e/thailand_e.htmhttp://www.wto.org/english/thewto_e/countries_e/togo_e.htmhttp://www.wto.org/english/thewto_e/countries_e/tonga_e.htmhttp://www.wto.org/english/thewto_e/countries_e/trinidad_tobago_e.htmhttp://www.wto.org/english/thewto_e/countries_e/tunisia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/turkey_e.htm
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    Uganda 1 January 1995

    Ukraine 16 May 2008

    United Arab Emirates 10 April 1996

    United Kingdom 1 January 1995

    United States of America 1 January 1995

    Uruguay 1 January 1995

    Venezuela (Bolivarian Republic of) 1 January 1995

    Viet Nam 11 January 2007

    Zambia 1 January 1995

    Zimbabwe 5 March 1995

    http://www.wto.org/english/thewto_e/countries_e/uganda_e.htmhttp://www.wto.org/english/thewto_e/countries_e/ukraine_e.htmhttp://www.wto.org/english/thewto_e/countries_e/united_arab_emirates_e.htmhttp://www.wto.org/english/thewto_e/countries_e/united_kingdom_e.htmhttp://www.wto.org/english/thewto_e/countries_e/usa_e.htmhttp://www.wto.org/english/thewto_e/countries_e/uruguay_e.htmhttp://www.wto.org/english/thewto_e/countries_e/venezuela_e.htmhttp://www.wto.org/english/thewto_e/countries_e/vietnam_e.htmhttp://www.wto.org/english/thewto_e/countries_e/zambia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/zimbabwe_e.htmhttp://www.wto.org/english/thewto_e/countries_e/uganda_e.htmhttp://www.wto.org/english/thewto_e/countries_e/ukraine_e.htmhttp://www.wto.org/english/thewto_e/countries_e/united_arab_emirates_e.htmhttp://www.wto.org/english/thewto_e/countries_e/united_kingdom_e.htmhttp://www.wto.org/english/thewto_e/countries_e/usa_e.htmhttp://www.wto.org/english/thewto_e/countries_e/uruguay_e.htmhttp://www.wto.org/english/thewto_e/countries_e/venezuela_e.htmhttp://www.wto.org/english/thewto_e/countries_e/vietnam_e.htmhttp://www.wto.org/english/thewto_e/countries_e/zambia_e.htmhttp://www.wto.org/english/thewto_e/countries_e/zimbabwe_e.htm
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    REFERENCES

    Dr. (Prof.) Kshamta Chauhan class notes

    http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-

    acc/wto-omc/list.aspx?lang=eng

    http://www.meti.go.jp/english/report/downloadfiles/2006WTO/2-

    OverviewWTOagreement.pdf

    www.wto.org

    http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/wto-omc/list.aspx?lang=enghttp://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/wto-omc/list.aspx?lang=enghttp://www.meti.go.jp/english/report/downloadfiles/2006WTO/2-OverviewWTOagreement.pdfhttp://www.meti.go.jp/english/report/downloadfiles/2006WTO/2-OverviewWTOagreement.pdfhttp://www.wto.org/http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/wto-omc/list.aspx?lang=enghttp://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/wto-omc/list.aspx?lang=enghttp://www.meti.go.jp/english/report/downloadfiles/2006WTO/2-OverviewWTOagreement.pdfhttp://www.meti.go.jp/english/report/downloadfiles/2006WTO/2-OverviewWTOagreement.pdfhttp://www.wto.org/
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