India has emerged as a key negotiator in the current round of multilateral trade talks. India’s negotiators have always been treated with utmost respect by both the developed and the developing countries. However, the effective clout that the country wielded in the WTO has changed in recent times, improving in direct proportionality with her economic growth prospects in the last decade and half. This relative power to influence belies the fact that India’s share in world trade is just about 1 percent.
The WTO Membership has implications in terms of binding commitments on tariff that a Member must make which in turn is applied uniformly vis-à-vis trade with all WTO members. However, the changes mandated by India’s WTO membership are but only one of the three-pronged liberalization measures that the country has been experiencing, in the external sector, domestic (industrial) policies and financial sector, and this needs to be recognized.
This collection of articles attempt to evaluate the impact of India domestic reforms on the economy and also the implications thereof on India’s performance as a negotiator. The present volume comprises contributions from experts on India’s liberalization experience in the last decade wherein some liberalization measures could have resulted from the implementation of WTO obligations. The volume also reviews how India has coped with obligations under WTO Agreements and benefited from the rights granted under different protocols.
Available at: http://works.bepress.com/suparna_karmakar/3/