India’s issues with the WTO are emblematic of broader tensions between free trade and development objectives, as well as debates about the role of international organizations in setting global trade rules. Analyse.
Kartavya Desk Staff
Topic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
Topic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
4. India’s issues with the WTO are emblematic of broader tensions between free trade and development objectives, as well as debates about the role of international organizations in setting global trade rules. Analyse. (250 words)
Difficulty level: Moderate
Reference: Insights on India
Why the question: The question is part of the static syllabus of General studies paper – 3 and mentioned as part of Mission-2024 Secure timetable. Key Demand of the question: To write about the issues of India with WTO, reforms that are needed in the WTO. Directive word: Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary. Structure of the answer: Introduction: Begin by giving the aims and objectives of WTO. Body: First, Explain the factors that have led to India’s chequered relationship with the World Trade Organisation (WTO). – disagreements over agricultural subsidies, intellectual property, services trade, special and differential treatment for developing countries, and the functioning of the dispute settlement mechanism. Next, suggest reforms that are needed to overcome the above – Appellate body reform, clarity on Special and differential treatment and Sustainable Development Goal-oriented trade negotiation etc. Conclusion: Conclude by writing a way forward.
Why the question:
The question is part of the static syllabus of General studies paper – 3 and mentioned as part of Mission-2024 Secure timetable.
Key Demand of the question:
To write about the issues of India with WTO, reforms that are needed in the WTO.
Directive word:
Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.
Structure of the answer:
Introduction:
Begin by giving the aims and objectives of WTO.
First, Explain the factors that have led to India’s chequered relationship with the World Trade Organisation (WTO). – disagreements over agricultural subsidies, intellectual property, services trade, special and differential treatment for developing countries, and the functioning of the dispute settlement mechanism.
Next, suggest reforms that are needed to overcome the above – Appellate body reform, clarity on Special and differential treatment and Sustainable Development Goal-oriented trade negotiation etc.
Conclusion:
Conclude by writing a way forward.