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The Trade Game - Negotiations Trends at WTO and Concerns of Developing Countries (Hardcover)
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The Trade Game - Negotiations Trends at WTO and Concerns of Developing Countries (Hardcover)
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Notwithstanding the WTO objective, even eleven years after the
inception of the multilateral body, the trade barriers, both in
developed and developing countries are quite significant and
unilateral liberalisation is not easily forthcoming. Although this
lack of market access hurt the developing countries much more
severely than their developed counterparts, the former group never
systematically bargained at the negotiating table with the latter
before the Doha Ministerial (2001). Looking at the negotiating
strategies of India and several other WTO members over the years,
the nine papers in this volume explore the current negotiating
scenario and the concerns for India and other developing countries.
While some papers attempt to chalk out the future of global free
trade and the determinants of protectionism of major players, the
other ones look into the future of India's sectoral negotiating
strategy. The introduction notes that judging by the experience of
Cancun (2003) and the recent Hong Kong Ministerial (2005),
developing countries are fast emerging as quick learners of the
rules of the game, but need to sharpen those skills further: ""It
is quite prudent to understand that hidden from public glare, both
the battle and the war will now continue in Geneva, which is less
of a free trade bastion than Hong Kong. It is by now a
time-honoured fact that the intensity of liberalisation undertaken
at home makes handling the WTO-induced reforms easier, and the
priorities for Indian policy makers are therefore, obvious.
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