Question

Discuss India’s transformation from GATT to WTO. What is India’s contribution to WTO concerning agriculture?

03 May 2024
Answer :
Word Count : 768

India's transformation from GATT (General Agreement on Tariffs and Trade) to WTO (World Trade Organization) marks a significant shift in its approach to international trade. The journey from GATT to WTO reflects India's changing stance on trade liberalization and its growing participation in the global economy. Additionally, India's contributions to the WTO, particularly in the context of agriculture, have been substantial. Let's delve into the details of India's transformation and its role in shaping agricultural policies within the WTO.

India's association with GATT dates back to its inception in 1947. As a newly independent nation, India's primary objective was to protect its domestic industries and agricultural sectors. Consequently, the country adopted a policy of import substitution industrialization, implementing high tariffs and trade barriers to shield its fledgling industries from foreign competition. This approach continued until the 1990s when India initiated significant economic reforms and moved towards a more market-oriented economy.

The transformation from GATT to WTO can be traced to the Uruguay Round of negotiations, which took place from 1986 to 1994. These negotiations aimed to address various trade-related issues and ultimately led to the establishment of the WTO in 1995. India _____ _________ ________ _______ ______ ___ ____.
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