The main ones were a fixed timetable for the abolition of the Multifibre Agreement (MFA) on trade in textiles, enshrined in the Agreement on Textiles and Clothing (ATC) and the Agreement on Agriculture (ESA). Look at each one after the other. India and the WTO are an important issue for public service auditing, especially upSC Mains. In 2013, a question was asked for the power grid: “The Food Security Act is expected to eliminate hunger and malnutrition in India. Many fears about effective implementation and the concerns it has raised in the WTO are the subject of a critical debate. It is therefore clear that a law passed by the Indian parliament has raised concerns within the WTO. The issues between India and the WTO are not yet over. The current controversy is India`s refusal to sign a decisive trade agreement: the Trade Facilitation Agreement. Thus, the hope of a global trade agreement within the WTO has collapsed. TFA was supposed to come into force on July 31, 2015, but did not see the light of day. India needs to strengthen its diplomatic capacity.
At the recent meeting in Nairobi, it was noted that industrialized countries spoke uniono, but that there was no such unit in developing countries. Brazil, a prominent member of the WTO, has already turned away from the G20/33 and moved closer to the position of the industrialized countries; thanks to its globally competitive agricultural sector. Last year, at the India-Africa Summit, India worked to reach a common agenda for the WTO and was largely successful. However, greater joint efforts must be made to develop the common platform of developing countries on all continents. The United States has been doing this for several years, and that is part of the reason why it remains the strongest and most subtle in every negotiation. The WTO Agreement on Agriculture was concluded in 1994 and aimed to remove barriers to trade and promote transparent market access and the integration of world markets. The agreement is very complex and controversial; It is often criticized as a tool in the hands of developed countries to exploit weak countries. Negotiations are still ongoing on some of its aspects. Some experts believe that, as part of the Uruguay Round commitments, industrialized countries already have a liberal Mode 1 trade regime (which covers business process outsourcing or BPOs) for some of the service sectors of interest to India. Further studies are needed to assess the extent of autonomous liberalization by industrialized countries, which may be blocked during the negotiations, and the benefits that may result for India.
Moreover, given its cost advantage and demographics, India`s services exports would continue to grow even in the absence of further liberalization. India could also consider the possibility of concluding mutual recognition agreements with major importers of services, so that differences in national regulatory systems do not lead to obstacles to its exports. . . .