Titlebook: Influence of WTO and Global Dynamics on Trade Flows; A Machine-Generated Debashis Chakraborty,Oindrila Dey Book 2024 The Editor(s) (if app

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Introduction: World Trade Organization, Trade and Opportunities,tiating forums, to secure trade reforms. However, given the persistence of protectionist policies in the form of non-tariff barriers (NTBs), despite certain progress on tariff reforms, the countries eventually agreed to form the World Trade Organization (WTO) in 1995. The rule-based operational proc

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Trade Policy and Price-Based Barriers,t-competing sectors will witness a downslide. However, in real world, the threat of competition from cheaper imports is considerable threat for local players, particularly the small and medium enterprises (SMEs), who may take recourse to lobbying. The argument is that imposition of tariffs on the im

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Non-tariff Barriers and Trade Flows,port licensing, quota, product standards etc. Wiser by the adverse experiences, member countries negotiated for a long time on reform of these NTBs during the Uruguay Round of GATT over 1986-94. As a result of Uruguay Round negotiations, many NTBs were converted into tariff barriers before inception

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RTAs and Trade Integration,ly. In light of the growing reach of the WTO, it is somewhat baffling that the cumulative number of regional trade agreements (RTA) has increased to 817 in 2023. Ironically, several RTAs were signed during the Uruguay Round, which was the result of many countries treating them as strategic insurance

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Emerging Issues Under WTO,andards etc. are on, there are several emerging concerns that can influence the pace of multilateral cooperation significantly. First, the dispute settlement body (DSB) of the WTO is considered to be the safety valve of the multilateral system. For smooth functioning of the WTO framework and securin

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