Bilateralism Vs Multilateralism: Implications for India
This paper will examine global trade flows and trade between PTAs since 1999-2009. It will further examine the changes in the composition of Merchandise trade between PTAs with reference to agriculture, Manufactures and parts of components. The paper is divided in three sections. Section I is devoted to the introduction and the background of bilateralism in the context of multilateralism. After describing the proliferation of PTAs it discusses about Article XXIV of GATT. Section II discusses trends in PTAs and trade within different trading blocs in the global context. It further provides detailed statistical account of trade within the trading blocs as also with that of world from 1990 to 2009. Changing pattern of trade with reference to agriculture and manufactures in total merchandise trade is also examined. Section III gives a brief description of RTAs and India. Future possible directions in PTAs in the WTO context and implications for the same for India are also provided therein.
Volume (Year): 4 (2012)
Issue (Month): 3 (September)
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