Wto Agreement Of India

Under the Information Technology Agreement (ITA), the tariff rate of 0% to 217 computer products by 2003 is a product of the Bali Summit. Article 13 of the AOA contains a « reserve » or « peace clause » that controls the application of other WTO agreements to subsidies. Under these provisions, Green Box`s domestic support measures cannot be subject to compensatory levies or other subsidy measures. In addition, they cannot take legal action for non-violation or infringement of tariff concessions under the GATT. The agreement on the application of health and plant health measures, also known as the sPS agreement, was negotiated during the Uruguay round of THE GATT and came into force with the creation of the WTO in early 1995. Under the SPS agreement, the WTO sets limits on members` policy on food safety (bacterial contaminants, pesticides, inspection and labelling) and animal and plant health (imported pests and diseases). The WTO`s highest decision-making body, the Ministerial Conference, usually meets every two years. [36] It brings together all WTO members, all of whom are countries or customs unions. The ministerial conference can make decisions on all issues as part of a multilateral trade agreement. Some meetings, such as the first Ministerial Conference in Singapore and the Cancun conference in 2003,[37] focused on conflicts between developed and developing countries known as « Singapore themes, » such as agricultural subsidies; While others, such as the Seattle conference in 1999, have provoked large protests. The fourth ministerial conference held in Doha in 2001 endorsed China`s accession to the WTO and launched the Doha Development Round, complemented by the sixth WTO Ministerial Conference (in Hong Kong), at which it was agreed to end agricultural export subsidies and adopt the European Union`s initiative to phase in tariffs on products from countries less advanced. At the wto`s sixth ministerial conference in December 2005, the WTO launched the Aid to Trade initiative, with a particular focus on helping developing countries trade, as set out in Goal 8 of Sustainable Development, which is to increase aid to trade and economic growth. [update] In June 2012, the future of the Doha Round remained uncertain: the work programme lists 21 themes for which the initial deadline of 1 January 2005 was not met and the cycle remains incomplete.

[47] The conflict between free trade in industrial products and services, but the maintenance of protectionism in agricultural subsidies to domestic agricultural sectors (demanded by industrialized countries) and the justification for fair trade in agricultural products (demanded by developing countries) remain the main obstacles. This impasse has made it impossible to organise new WTO negotiations beyond the Doha Development Round. As a result, bilateral free trade agreements between governments are multiplying. [update] from July 2012, several negotiating groups were set up in the WTO system for the current stalemate in agricultural trade negotiations. [49] The Trade-Related Intellectual Property Rights (TRIPS) Agreement is a WTO-managed intercontinental agreement that sets minimum standards for different types of intellectual property. The WTO regulates trade in goods, services and intellectual property among participating countries, imposing a framework for negotiating trade agreements and a dispute settlement mechanism to enforce WTO agreements signed by representatives of member governments[8]:fol.9-10 and ratified by their parliaments. [9] The WTO prohibits discrimination between trading partners, but provides exceptions for environmental protection, national security and other important objectives. [10] Trade disputes are settled by independent WTO judges in dispute resolution proceedings. [10] TrimS, negotiated during the Uruguay Round, applies to measures affecting the trade of m