Multitude of mini - WTOs
By: Das, Bhagirath Lal.
Material type:
ArticlePublisher: 2005Description: p.4668-670.Subject(s): World Trade Organization
In:
Economic and Political WeeklySummary: Countries around the world are rushing to form bilateral and regional free trade agreements. While bilateral agreements make sense when participating countries are at the same level of development, there are problems when the members are vastly different. There is a danger in this trend of creating innumberable "mini-WTOs" because they are being used by the developed countries to get concessions that they have not been able to extract at the WTO. In some areas it has also become a strategy to soften the developing countries for a future expansion of obligations at the developing countries for a future expansion of obligations at the WTO. The smaller countries for a future expansion of obligations at the WTO. The smaller countries find that the promise of greater market access is very much an illusion. India should keep these experiences in mind as it searches for new free trade groupings to join. - Reproduced.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Volume no: 40, Issue no: 44-45 | Available | AR67869 |
Countries around the world are rushing to form bilateral and regional free trade agreements. While bilateral agreements make sense when participating countries are at the same level of development, there are problems when the members are vastly different. There is a danger in this trend of creating innumberable "mini-WTOs" because they are being used by the developed countries to get concessions that they have not been able to extract at the WTO. In some areas it has also become a strategy to soften the developing countries for a future expansion of obligations at the developing countries for a future expansion of obligations at the WTO. The smaller countries for a future expansion of obligations at the WTO. The smaller countries find that the promise of greater market access is very much an illusion. India should keep these experiences in mind as it searches for new free trade groupings to join. - Reproduced.
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