Download GTU MBA 2015 Winter 3rd Sem 2830013 Wto Multilateral Trading System And Its Impact On Business Question Paper

Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2015 Winter 3rd Sem 2830013 Wto Multilateral Trading System And Its Impact On Business Previous Question Paper

1

Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3? ? EXAMINATION ? WINTER 2015

Subject Code:2830013 Date: 02/12/2015
Subject Name: WTO Multilateral trading system and its impact on Business
Time: 10.30 AM to 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q. No.
Q.1 (a)
GATS deals with the agreements for

6
1.
A. Goods B. Services
C. Goods with Services D. None of the above
2.
GATT 1994 oversees the multilateral system relating to


A. Goods B. Services
C. Goods with services D Services for Goods
3.
WTO deliberates decision making process through


A. General Council B. Ministerial Conference
C. Board of Governors D. Executive committees
4.
TRIPS is related to the
A. Trade related aspect
of Intellectual
Property rights
B. Trade related aspect of international
physical rights

C. Traffic related
Physical services
D. None of the above
5.
The highlighting objective of GATT 1994 is
A. Most favoured
Nation treatment
B. Commercial feasibility of trade
C. Highest tariffs D. Highest export-import
6.
GATS refers to the trade objective of services with
A. Commercial presence
of parties
B. Movement of consumers to the destination
of importation

C. I.T Compliant D. None of the above
Q.1 (b) Definition Questions
01] Define the term Intellectual Property
02] Explain concept of Green Room meetings

04
Q.1 (c) Explain the importance of WTO with its objective 04

Q.2 (a)
Explain the functional structuring of WTO And Trade Policy Review
Mechanism ( TPRM )
07
FirstRanker.com - FirstRanker's Choice
1

Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3? ? EXAMINATION ? WINTER 2015

Subject Code:2830013 Date: 02/12/2015
Subject Name: WTO Multilateral trading system and its impact on Business
Time: 10.30 AM to 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q. No.
Q.1 (a)
GATS deals with the agreements for

6
1.
A. Goods B. Services
C. Goods with Services D. None of the above
2.
GATT 1994 oversees the multilateral system relating to


A. Goods B. Services
C. Goods with services D Services for Goods
3.
WTO deliberates decision making process through


A. General Council B. Ministerial Conference
C. Board of Governors D. Executive committees
4.
TRIPS is related to the
A. Trade related aspect
of Intellectual
Property rights
B. Trade related aspect of international
physical rights

C. Traffic related
Physical services
D. None of the above
5.
The highlighting objective of GATT 1994 is
A. Most favoured
Nation treatment
B. Commercial feasibility of trade
C. Highest tariffs D. Highest export-import
6.
GATS refers to the trade objective of services with
A. Commercial presence
of parties
B. Movement of consumers to the destination
of importation

C. I.T Compliant D. None of the above
Q.1 (b) Definition Questions
01] Define the term Intellectual Property
02] Explain concept of Green Room meetings

04
Q.1 (c) Explain the importance of WTO with its objective 04

Q.2 (a)
Explain the functional structuring of WTO And Trade Policy Review
Mechanism ( TPRM )
07
2



(b) Analyze the four pillar rules of GATT 1994 with practical reference of
each of them.


illustrations

07


OR


(b) How the trade information sought from WTO can be useful to
participating countries ?

07

Q.3 (a) Analyze the modus operandi between EUROPEAN UNION & ACP
Countries.
07
(b) Analyse the concept of Preferential Trade Agreements with
illustrations

07
OR
Q.3 (a) Critically analyze the rules for Export incentives, export control 07
(b) Critically discuss the role of Custom Duty in import and export of
goods & services.
07

Q.4 (a) What methods are adopted for valuation of goods for custom duty
determination
07
(b) Explain the general Rules for export incentives including controlling
measures with practical case study.

07
OR
Q.4 (a) Explain the concept of Import Policy with The Operational Provisions
For Import Licensing.
07
(b) Explain hypothetical export import policy of India for pharmaceutical
products

07

Q.5 Case Study

Please read and analyze the following Case Study in your own words.
Discuss to answer: Why?, How? And Who is doing what? Answer in
100 words approx.
(See below)
14


India?s Upcoming WTO Challenges:
India and the US are on the cusp of cementing relations on several fronts. The two sides are
stepping up cooperation in sharing intelligence, forging an extraordinary military relationship
and strengthening education and cultural relations. US defence secretary Ashton B. Carter?s
visit to New Delhi last week is a testimony to the common pursuit of a shared military projects
being promoted by the Narendra Modi government.
FirstRanker.com - FirstRanker's Choice
1

Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3? ? EXAMINATION ? WINTER 2015

Subject Code:2830013 Date: 02/12/2015
Subject Name: WTO Multilateral trading system and its impact on Business
Time: 10.30 AM to 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q. No.
Q.1 (a)
GATS deals with the agreements for

6
1.
A. Goods B. Services
C. Goods with Services D. None of the above
2.
GATT 1994 oversees the multilateral system relating to


A. Goods B. Services
C. Goods with services D Services for Goods
3.
WTO deliberates decision making process through


A. General Council B. Ministerial Conference
C. Board of Governors D. Executive committees
4.
TRIPS is related to the
A. Trade related aspect
of Intellectual
Property rights
B. Trade related aspect of international
physical rights

C. Traffic related
Physical services
D. None of the above
5.
The highlighting objective of GATT 1994 is
A. Most favoured
Nation treatment
B. Commercial feasibility of trade
C. Highest tariffs D. Highest export-import
6.
GATS refers to the trade objective of services with
A. Commercial presence
of parties
B. Movement of consumers to the destination
of importation

C. I.T Compliant D. None of the above
Q.1 (b) Definition Questions
01] Define the term Intellectual Property
02] Explain concept of Green Room meetings

04
Q.1 (c) Explain the importance of WTO with its objective 04

Q.2 (a)
Explain the functional structuring of WTO And Trade Policy Review
Mechanism ( TPRM )
07
2



(b) Analyze the four pillar rules of GATT 1994 with practical reference of
each of them.


illustrations

07


OR


(b) How the trade information sought from WTO can be useful to
participating countries ?

07

Q.3 (a) Analyze the modus operandi between EUROPEAN UNION & ACP
Countries.
07
(b) Analyse the concept of Preferential Trade Agreements with
illustrations

07
OR
Q.3 (a) Critically analyze the rules for Export incentives, export control 07
(b) Critically discuss the role of Custom Duty in import and export of
goods & services.
07

Q.4 (a) What methods are adopted for valuation of goods for custom duty
determination
07
(b) Explain the general Rules for export incentives including controlling
measures with practical case study.

07
OR
Q.4 (a) Explain the concept of Import Policy with The Operational Provisions
For Import Licensing.
07
(b) Explain hypothetical export import policy of India for pharmaceutical
products

07

Q.5 Case Study

Please read and analyze the following Case Study in your own words.
Discuss to answer: Why?, How? And Who is doing what? Answer in
100 words approx.
(See below)
14


India?s Upcoming WTO Challenges:
India and the US are on the cusp of cementing relations on several fronts. The two sides are
stepping up cooperation in sharing intelligence, forging an extraordinary military relationship
and strengthening education and cultural relations. US defence secretary Ashton B. Carter?s
visit to New Delhi last week is a testimony to the common pursuit of a shared military projects
being promoted by the Narendra Modi government.
3
At a time when Washington is raising the temperature against Beijing in Asia, the increased
bonhomie between the two nations?which otherwise stood far apart during the Cold War?
must manifest in other areas as well.
But this is not the case at least in one area where the Indo-American relations are anything but
harmonious. The two sides are constantly at each other?s throat when it comes to trade
involving the bread-and-butter issues of hundreds of millions of farmers living under a dollar
per day. The US, for example, is angry over the farm subsidies provided by India to its daridra
narayans.
During two separate trade-related events last week, the US and India took pot shots at each
other on the issue of farm subsidies. At the sixth India trade policy review meeting in the
World Trade Organization (WTO) on 2 June, the US issued sermons to India about its trade-
distorting farm subsidies. The TPR (Trade Policy Review) is an occasion for WTO members to
seek immediate answers to vexing trade problems in the country under examination.
It is an elaborate exercise in which the WTO secretariat prepares a comprehensive report listing
all major trade initiatives, including trade restrictive measures that limit exports and imports. In
response, the country which is being scrutinized offers a statement about its policy initiatives as
well as steps taken to face unforeseen changes in the global trade environment.
For developing countries such as India, the review comes after every four years. Unlike the
previous TPR in 2011, the US behaved less like a cowboy with India this time. Nevertheless,
Washington pointed a finger at the continued barriers, largely in two sectors?agriculture and
intellectual property protection?in India. While every member has the right to speak about
legitimate concerns regarding specific policy measures implemented by India, the US chose to
pontificate about New Delhi?s failure to pursue genuine trade liberalization policies in
agriculture based on the comparative advantage.
The US, for example, has raised three sets of concerns about Indian agriculture policies. First,
the agriculture sector in India remains closed to many foreign products. New Delhi follows
?unpredictable? tariff policies. Second, India maintains unscientific and unjustifiable import
barriers on agriculture products by resorting to what are called sanitary and phytosanitary
health-related measures and technical barriers to trade restrictions. The US stand was proved
right at the WTO last week.
And third, ?India also provides a broad range of assistance to its agriculture sector, including
credit subsidies, debt forgiveness, and subsidies for inputs. In addition, agriculture producers of
24 products benefit from the government program to purchase food products from farmers at
minimum support prices?. These policies pursued by the Indian government, the US
FirstRanker.com - FirstRanker's Choice
1

Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3? ? EXAMINATION ? WINTER 2015

Subject Code:2830013 Date: 02/12/2015
Subject Name: WTO Multilateral trading system and its impact on Business
Time: 10.30 AM to 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q. No.
Q.1 (a)
GATS deals with the agreements for

6
1.
A. Goods B. Services
C. Goods with Services D. None of the above
2.
GATT 1994 oversees the multilateral system relating to


A. Goods B. Services
C. Goods with services D Services for Goods
3.
WTO deliberates decision making process through


A. General Council B. Ministerial Conference
C. Board of Governors D. Executive committees
4.
TRIPS is related to the
A. Trade related aspect
of Intellectual
Property rights
B. Trade related aspect of international
physical rights

C. Traffic related
Physical services
D. None of the above
5.
The highlighting objective of GATT 1994 is
A. Most favoured
Nation treatment
B. Commercial feasibility of trade
C. Highest tariffs D. Highest export-import
6.
GATS refers to the trade objective of services with
A. Commercial presence
of parties
B. Movement of consumers to the destination
of importation

C. I.T Compliant D. None of the above
Q.1 (b) Definition Questions
01] Define the term Intellectual Property
02] Explain concept of Green Room meetings

04
Q.1 (c) Explain the importance of WTO with its objective 04

Q.2 (a)
Explain the functional structuring of WTO And Trade Policy Review
Mechanism ( TPRM )
07
2



(b) Analyze the four pillar rules of GATT 1994 with practical reference of
each of them.


illustrations

07


OR


(b) How the trade information sought from WTO can be useful to
participating countries ?

07

Q.3 (a) Analyze the modus operandi between EUROPEAN UNION & ACP
Countries.
07
(b) Analyse the concept of Preferential Trade Agreements with
illustrations

07
OR
Q.3 (a) Critically analyze the rules for Export incentives, export control 07
(b) Critically discuss the role of Custom Duty in import and export of
goods & services.
07

Q.4 (a) What methods are adopted for valuation of goods for custom duty
determination
07
(b) Explain the general Rules for export incentives including controlling
measures with practical case study.

07
OR
Q.4 (a) Explain the concept of Import Policy with The Operational Provisions
For Import Licensing.
07
(b) Explain hypothetical export import policy of India for pharmaceutical
products

07

Q.5 Case Study

Please read and analyze the following Case Study in your own words.
Discuss to answer: Why?, How? And Who is doing what? Answer in
100 words approx.
(See below)
14


India?s Upcoming WTO Challenges:
India and the US are on the cusp of cementing relations on several fronts. The two sides are
stepping up cooperation in sharing intelligence, forging an extraordinary military relationship
and strengthening education and cultural relations. US defence secretary Ashton B. Carter?s
visit to New Delhi last week is a testimony to the common pursuit of a shared military projects
being promoted by the Narendra Modi government.
3
At a time when Washington is raising the temperature against Beijing in Asia, the increased
bonhomie between the two nations?which otherwise stood far apart during the Cold War?
must manifest in other areas as well.
But this is not the case at least in one area where the Indo-American relations are anything but
harmonious. The two sides are constantly at each other?s throat when it comes to trade
involving the bread-and-butter issues of hundreds of millions of farmers living under a dollar
per day. The US, for example, is angry over the farm subsidies provided by India to its daridra
narayans.
During two separate trade-related events last week, the US and India took pot shots at each
other on the issue of farm subsidies. At the sixth India trade policy review meeting in the
World Trade Organization (WTO) on 2 June, the US issued sermons to India about its trade-
distorting farm subsidies. The TPR (Trade Policy Review) is an occasion for WTO members to
seek immediate answers to vexing trade problems in the country under examination.
It is an elaborate exercise in which the WTO secretariat prepares a comprehensive report listing
all major trade initiatives, including trade restrictive measures that limit exports and imports. In
response, the country which is being scrutinized offers a statement about its policy initiatives as
well as steps taken to face unforeseen changes in the global trade environment.
For developing countries such as India, the review comes after every four years. Unlike the
previous TPR in 2011, the US behaved less like a cowboy with India this time. Nevertheless,
Washington pointed a finger at the continued barriers, largely in two sectors?agriculture and
intellectual property protection?in India. While every member has the right to speak about
legitimate concerns regarding specific policy measures implemented by India, the US chose to
pontificate about New Delhi?s failure to pursue genuine trade liberalization policies in
agriculture based on the comparative advantage.
The US, for example, has raised three sets of concerns about Indian agriculture policies. First,
the agriculture sector in India remains closed to many foreign products. New Delhi follows
?unpredictable? tariff policies. Second, India maintains unscientific and unjustifiable import
barriers on agriculture products by resorting to what are called sanitary and phytosanitary
health-related measures and technical barriers to trade restrictions. The US stand was proved
right at the WTO last week.
And third, ?India also provides a broad range of assistance to its agriculture sector, including
credit subsidies, debt forgiveness, and subsidies for inputs. In addition, agriculture producers of
24 products benefit from the government program to purchase food products from farmers at
minimum support prices?. These policies pursued by the Indian government, the US
4
maintained, ?distort domestic market prices and incentivize the overproduction of rice and
wheat?.
But the US should know that it is an established serial repeat violator of global subsidy rules.
This is proved in the US upland cotton dispute raised by Brazil. Therefore, the US
commandments to India to pursue subsidy-free agriculture policies are galling. The US farm
bill, which was passed last year, provides for expenditure at an estimated total of $489 billion
for the five-year period lasting till 2018. The new US payments to around 25,000 farmers
include ?deficiency type of payments aimed at compensating farmers for reduced returns when
prices or yields go down?.
?The new ?coupled? policies [of the US], therefore are considered production distorting and,
unlike the previous decoupled payments, are subject to limitations in accordance with the
commitments undertaken by the US under the agreement on agriculture,? said John Adank,
New Zealand?s trade envoy to the WTO.
Compared with over $45,000 per capita agriculture subsidies in the US, India provides a
support of less than $ 200 per active person in agriculture. The US has also imposed market
access barriers on cotton, sugar, dairy products and lamb.
Ironically, it is the US which has stalled negotiations for a credible reform of farm subsidies
during the past 14 years as part of the Doha Development Agenda trade negotiations.
Since 2010, Washington has turned the tables in Geneva by resorting to an extreme form of
diversionary tactics in which developing countries, particularly China and India, are projected
as the untold-subsidy-villains.
To continue with its trade-distorting subsidies, which ought to have been substantially
reformed during the Doha Round, the US has now come up with a novel strategy?either bury
the whole subsidy reform as laid out in the 2008 revised draft modalities or force China and
India to take subsidy-reduction commitments even though they are not required to do so under
the Doha mandates.
Last week, in Paris, the issue concerning the reform of farm subsidies came into the open
during a closed-door informal ministerial meeting. India took the bold step of calling a spade a
spade when it pointed the finger at countries trying to stall the comprehensive reform of
subsidies under the pretext of what is called the ?recalibration? strategy. Credit goes to WTO
director-general Roberto Azevedo for promoting this dubious strategy in close collaboration
with the US and other rich countries. It aims at putting the Doha Round to bed at the upcoming
tenth ministerial conference in Nairobi, Kenya, later this year, without addressing the problems
faced by the wretched of the earth. India can also safely forget about a permanent solution to its
FirstRanker.com - FirstRanker's Choice
1

Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3? ? EXAMINATION ? WINTER 2015

Subject Code:2830013 Date: 02/12/2015
Subject Name: WTO Multilateral trading system and its impact on Business
Time: 10.30 AM to 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q. No.
Q.1 (a)
GATS deals with the agreements for

6
1.
A. Goods B. Services
C. Goods with Services D. None of the above
2.
GATT 1994 oversees the multilateral system relating to


A. Goods B. Services
C. Goods with services D Services for Goods
3.
WTO deliberates decision making process through


A. General Council B. Ministerial Conference
C. Board of Governors D. Executive committees
4.
TRIPS is related to the
A. Trade related aspect
of Intellectual
Property rights
B. Trade related aspect of international
physical rights

C. Traffic related
Physical services
D. None of the above
5.
The highlighting objective of GATT 1994 is
A. Most favoured
Nation treatment
B. Commercial feasibility of trade
C. Highest tariffs D. Highest export-import
6.
GATS refers to the trade objective of services with
A. Commercial presence
of parties
B. Movement of consumers to the destination
of importation

C. I.T Compliant D. None of the above
Q.1 (b) Definition Questions
01] Define the term Intellectual Property
02] Explain concept of Green Room meetings

04
Q.1 (c) Explain the importance of WTO with its objective 04

Q.2 (a)
Explain the functional structuring of WTO And Trade Policy Review
Mechanism ( TPRM )
07
2



(b) Analyze the four pillar rules of GATT 1994 with practical reference of
each of them.


illustrations

07


OR


(b) How the trade information sought from WTO can be useful to
participating countries ?

07

Q.3 (a) Analyze the modus operandi between EUROPEAN UNION & ACP
Countries.
07
(b) Analyse the concept of Preferential Trade Agreements with
illustrations

07
OR
Q.3 (a) Critically analyze the rules for Export incentives, export control 07
(b) Critically discuss the role of Custom Duty in import and export of
goods & services.
07

Q.4 (a) What methods are adopted for valuation of goods for custom duty
determination
07
(b) Explain the general Rules for export incentives including controlling
measures with practical case study.

07
OR
Q.4 (a) Explain the concept of Import Policy with The Operational Provisions
For Import Licensing.
07
(b) Explain hypothetical export import policy of India for pharmaceutical
products

07

Q.5 Case Study

Please read and analyze the following Case Study in your own words.
Discuss to answer: Why?, How? And Who is doing what? Answer in
100 words approx.
(See below)
14


India?s Upcoming WTO Challenges:
India and the US are on the cusp of cementing relations on several fronts. The two sides are
stepping up cooperation in sharing intelligence, forging an extraordinary military relationship
and strengthening education and cultural relations. US defence secretary Ashton B. Carter?s
visit to New Delhi last week is a testimony to the common pursuit of a shared military projects
being promoted by the Narendra Modi government.
3
At a time when Washington is raising the temperature against Beijing in Asia, the increased
bonhomie between the two nations?which otherwise stood far apart during the Cold War?
must manifest in other areas as well.
But this is not the case at least in one area where the Indo-American relations are anything but
harmonious. The two sides are constantly at each other?s throat when it comes to trade
involving the bread-and-butter issues of hundreds of millions of farmers living under a dollar
per day. The US, for example, is angry over the farm subsidies provided by India to its daridra
narayans.
During two separate trade-related events last week, the US and India took pot shots at each
other on the issue of farm subsidies. At the sixth India trade policy review meeting in the
World Trade Organization (WTO) on 2 June, the US issued sermons to India about its trade-
distorting farm subsidies. The TPR (Trade Policy Review) is an occasion for WTO members to
seek immediate answers to vexing trade problems in the country under examination.
It is an elaborate exercise in which the WTO secretariat prepares a comprehensive report listing
all major trade initiatives, including trade restrictive measures that limit exports and imports. In
response, the country which is being scrutinized offers a statement about its policy initiatives as
well as steps taken to face unforeseen changes in the global trade environment.
For developing countries such as India, the review comes after every four years. Unlike the
previous TPR in 2011, the US behaved less like a cowboy with India this time. Nevertheless,
Washington pointed a finger at the continued barriers, largely in two sectors?agriculture and
intellectual property protection?in India. While every member has the right to speak about
legitimate concerns regarding specific policy measures implemented by India, the US chose to
pontificate about New Delhi?s failure to pursue genuine trade liberalization policies in
agriculture based on the comparative advantage.
The US, for example, has raised three sets of concerns about Indian agriculture policies. First,
the agriculture sector in India remains closed to many foreign products. New Delhi follows
?unpredictable? tariff policies. Second, India maintains unscientific and unjustifiable import
barriers on agriculture products by resorting to what are called sanitary and phytosanitary
health-related measures and technical barriers to trade restrictions. The US stand was proved
right at the WTO last week.
And third, ?India also provides a broad range of assistance to its agriculture sector, including
credit subsidies, debt forgiveness, and subsidies for inputs. In addition, agriculture producers of
24 products benefit from the government program to purchase food products from farmers at
minimum support prices?. These policies pursued by the Indian government, the US
4
maintained, ?distort domestic market prices and incentivize the overproduction of rice and
wheat?.
But the US should know that it is an established serial repeat violator of global subsidy rules.
This is proved in the US upland cotton dispute raised by Brazil. Therefore, the US
commandments to India to pursue subsidy-free agriculture policies are galling. The US farm
bill, which was passed last year, provides for expenditure at an estimated total of $489 billion
for the five-year period lasting till 2018. The new US payments to around 25,000 farmers
include ?deficiency type of payments aimed at compensating farmers for reduced returns when
prices or yields go down?.
?The new ?coupled? policies [of the US], therefore are considered production distorting and,
unlike the previous decoupled payments, are subject to limitations in accordance with the
commitments undertaken by the US under the agreement on agriculture,? said John Adank,
New Zealand?s trade envoy to the WTO.
Compared with over $45,000 per capita agriculture subsidies in the US, India provides a
support of less than $ 200 per active person in agriculture. The US has also imposed market
access barriers on cotton, sugar, dairy products and lamb.
Ironically, it is the US which has stalled negotiations for a credible reform of farm subsidies
during the past 14 years as part of the Doha Development Agenda trade negotiations.
Since 2010, Washington has turned the tables in Geneva by resorting to an extreme form of
diversionary tactics in which developing countries, particularly China and India, are projected
as the untold-subsidy-villains.
To continue with its trade-distorting subsidies, which ought to have been substantially
reformed during the Doha Round, the US has now come up with a novel strategy?either bury
the whole subsidy reform as laid out in the 2008 revised draft modalities or force China and
India to take subsidy-reduction commitments even though they are not required to do so under
the Doha mandates.
Last week, in Paris, the issue concerning the reform of farm subsidies came into the open
during a closed-door informal ministerial meeting. India took the bold step of calling a spade a
spade when it pointed the finger at countries trying to stall the comprehensive reform of
subsidies under the pretext of what is called the ?recalibration? strategy. Credit goes to WTO
director-general Roberto Azevedo for promoting this dubious strategy in close collaboration
with the US and other rich countries. It aims at putting the Doha Round to bed at the upcoming
tenth ministerial conference in Nairobi, Kenya, later this year, without addressing the problems
faced by the wretched of the earth. India can also safely forget about a permanent solution to its
5
public stockholding programmes for food security as well as instruments that provide policy
space to assist its poor farmers.
Will the Modi government stand up for its poor farmers? That is the test it would face at
Nairobi.
D. Ravi Kanth
Source: http://www.livemint.com/Opinion/LWZsHgv3Yhryt6LwxyyXOM/Indias-upcoming-WTO-
challenges.html

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This post was last modified on 19 February 2020