Trade Policy

Foreign Trade Policy of India has always focused on substantially increasing the country’s share of global merchandise trade. Accordingly the Government of India has been taking various steps towards boosting its trade with the rest of the world by adopting policies and procedures which would help to increase and facilitate both exports and imports with … Read more

India’s Foreign Trade – Volume, Composition and Direction

INTRODUCTION Among several features of Globalization-3/”>Globalization, one relates to increasing interactions among nations and removal of barriers to facilitate movement of goods, capital, labour and technology. It is a process that renders various activities and aspiration worldwide in scope or application. As a part of this process of increasing integration of the world, many countries … Read more

WTO and its impact on India

The World Trade Organization came into being in 1995 as the successor organization to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. It  is a multilateral framework (an agreement among governments) for conduct of international trade in goods and Services and also for protection of Intellectual … Read more

WTO agreement on agriculture

WTO agreement on agriculture The Agreement on Agriculture is one of the key agreements within the WTO system. Its importance is reflected by its presence as the first Agreement annexed to the Marrakesh Agreement establishing the WTO. Market access Market access simply means the right which exporters have to access a foreign market. The WTO … Read more

Foreign Trade Policy

 Planning and Foreign Trade Foreign Trade is the important factor in Economic Development in any nation. Foreign trade in India comprises of all imports and exports to and from India. The Ministry of Commerce and Industry at the level of Central Government has responsibility to manage such operations. The domestic production reveals on … Read more

Wealth tax

Wealth tax Here is a list of subtopics without any description for Wealth tax: History of wealth taxes Arguments for and against wealth taxes Economic effects of wealth taxes Implementation of wealth taxes Current wealth taxes Future of wealth taxes A wealth tax is a tax on the total value of an individual’s assets, including … Read more

Agreement on Agriculture (AoA)

The Agreement on Agriculture (AoA) is a multilateral agreement signed in 1994 as part of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT). The AoA aims to reduce agricultural subsidies and trade barriers, and to promote agricultural trade LiberalizationLiberalization. The AoA covers a wide range of topics, including: Market access: The … Read more

Most Favoured Nation (MFN)

Here is a list of subtopics on Most Favoured Nation (MFN): MFN treatment MFN clause MFN principle MFN tariff MFN exception MFN reciprocity MFN negotiations MFN dispute settlement MFN implementation MFN impact MFN criticisms MFN alternatives MFN future Most-favored-nation (MFN) treatment is a principle in international law by which a country is obligated to treat … Read more

World Trade Organization

Here is a list of subtopics without any description for World Trade Organization: Agreement on Agriculture Agreement on Anti-Dumping Agreement on Customs Valuation Agreement on Import Licensing Procedures Agreement on Implementation of Article VI of the General Agreement on Tariffs and Trade 1994 Agreement on Preshipment Inspection Agreement on Rules of Origin Agreement on Safeguards … Read more