Implications of WTO Agreement

05/07/2010 12:00 - 509 Views

Study of the implications of different WTO agreements in an ongoing process. The government have, from time to time, commissioned studies by renowned institutions to study the impact of some specific WTO agreements. This was stated by Shri Digvijay Singh, Minister of State for Commerce & Industry, in a written reply in the Rajya Sabha today.

In the ongoing negotiations on agriculture in WTO, India had co-sponsored a proposal on Market Access along with Cuba, Dominican Republic, El Salvador, Honduras, Kenya, Nigeria, Pakistan, Sri Lanka, Uganda, Zimbabwe and Haiti, wherein it has been demanded that dumping by developed countries must be prohibited.

The government has also put in place a suitable mechanism for monitoring of the imports of sensitive items and are committed to providing adequate protection to the domestic producers by resorting to various WTO compatible measures which include appropriate calibration of applied tariffs within the bound tariffs, imposition of anti-dumping, countervailing duties and taking safeguard action under specified circumstances.

from: http://commerce.nic.in/PressRelease/pressrelease_detail.asp?id=599

Published: 30 Jun 2010 23:13:17 PST

Source: news.alibaba.com