In this paper, we first summarize the framework that has been agreed upon as the basis for the WTO Doha Development Agenda (DDA) negotiations. We then discuss briefly the design and mission of the WTO and the economic effects of multilateral trade liberalization. Thereafter, we discuss the conditions for India’s realization of the maximum benefits from the DDA negotiations and the implications for broader Indian domestic policy reforms. We then set out our recommendations for India’s pro-active involvement and negotiating strategies in the DDA negotiations for multilateral trade liberalization in agricultural products, manufactures, and services, and for improvements in WTO rules governing trade and related issues. We conclude with a brief discussion of the policy agenda adopted by India’s newly elected coalition parties, the implications of the emphasis on social reform and equity for India’s negotiating strategies in the DDA negotiations, and a vision of the role that India might play in the global trading system and in world politics.
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Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number
521.
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