Indian International Trade

Paper Summary:

This paper explains that, in India, various reforms, as required by the WTO, were made to remove all barriers in the agricultural sector. The purpose of this move was to strengthen and develop agricultural markets in private and cooperative sectors, to expand futures trading to cover all agricultural products and to use information technology to provide market-led extension services to farmers. The author points out that India has the ability to cultivate superior knowledge through intensive R&D efforts and the expertise in applying the knowledge to commercially viable technologies in software sector, one of the major success stories. The paper relates that the cost benefits associated with manufacturing in India has positioned India as a preferred destination for manufacturing and sourcing for global markets. It explains that India is becoming a production base and an export hub for diverse goods from agricultural products to automobile components to high-end services.

Table of Contents
Introduction
Agriculture
Strength
Weakness
Opportunity
Threat
Services
Strength
Weakness
Opportunity
Market Access for Non Agricultural Products
Trade Related Aspects and Intellectual Property Rights (TRIPS)
Opportunities
Relation between Trade and Investment
Weakness
Opportunity
Threat
Interaction between Trade and Competition Policy
Weakness
Transparency in Government Procurement
Threat
Trade Facilitation
Textile Trade
Strength
Weakness
Opportunity
Threat
Trade and Environment
Electronic Commerce
Trade Debt and Finance
Trade and Transfer of Technology
Strength
Technical Cooperation and Capacity Building
Least Developed Countries
Small Economies and their Special and Differential Treatment
Weakness
Strength
Conclusion

From the Paper:

"As concluded by the WTO ministerial statement, (2001) WTO stresses the importance to implement and interpret the agreement on trade related aspects of intellectual property rights (TRIPs) in a of public health, by promoting both access to existing medicines and research and development into new medicines. The Agreement on TRIPs, which is part of the WTO Agreement, provides four norms and standards in respect of seven categories of intellectual property rights, including patents. India has laws in the following categories i.e., Copy Rights, Patents, Trade Marks and Industrial Designs. India is required to examine its laws to align them with the Trips Agreement."

More papers on Indian International Trade:

• Book Review # 129683 : "Trade and Civilization in the Indian Ocean"
• Research Paper # 102204 : "Global Trade in Health Care"
• Research Paper # 145702 : "Credit Appraising the Indian Retail Industry"

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