ADVISORY COMMITTEE ON INTERNATIONAL TRADE GIVES INPUTS ON WTO NEGOTIATIONS
Date : 17 Aug 2001
Location : New Delhi
The government have reconstituted the Advisory Committee on International Trade vide Department of Commerce's Resolution No.1/9/98-TPD dated 27th April, 2001. The Committee advises the government in the formulation of International trade policy. The terms of reference of the Committee, inter-alia, include discussing and giving inputs for the ongoing negotiations in the WTO, examining the non-tariff barriers being imposed by various countries against Indian goods and the action to be pursued to get them dismantled, recommending strategies for increasing market access for Indian goods, and analysing the implications of various changes taking place in the global scenario with a view to recommending suitable policy changes, etc. A meeting of the reconstituted Advisory Committee on International Trade was held on 12th June, 2001. The Committee made various suggestions which, inter-alia, included recommending a demand for substantive review of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) so as to give necessary flexibility and domestic policy options to the developing countries. The Committee also recommended pressing for the early upfront resolution of the implementation issues raised by the developing countries. The resolution of implementation issues is likely to lead to an increase in market access opportunities for Indian goods particularly in agriculture and textiles. The Committee also recommended that a study should be got done to assess the impact of the Uruguay Round agreements on Indian economy in general and on agriculture and small scale industry in particular, Shri Digvijay Singh, Minister of State for Commerce & Industry, said in a written reply in the Lok Sabha today.