The WTO system contributes to development. On the other hand, developing countries need flexibility in the time it takes to implement the system`s agreements. And the agreements themselves inherit the previous provisions of the GATT that allow special aid and trade concessions for developing countries. It should be noted that, in accordance with Article 3.1 of the WTO SCM agreement, all developing countries with a gross head ratio of $1,000 per year are required, for three consecutive years, to end all export incentives. While GATT focused on trade in goods, the WTO and its agreements could encompass not only goods, but also trade in services and other intellectual property rights such as commercial creations, designs and inventions. On issues such as investment and competition policy, India believes that a multilateral agreement would constitute serious protection of countries` sovereign rights. To some extent, this is obviously inherent in any multilateral treaty, but investment is seen as an area in which the abandonment of sovereignty would leave too little room for governments, particularly governments in developing countries, to guide investment in areas of national priority. This agreement was one of the results of Uruguay`s round of negotiations, which came into force with the creation of the World Trade Organization on 1 January 1995. The agreement sets out the basic rules on food safety as well as standards for veterinary and plant health standards.
It allows countries to set their own standards. But it is also said that regulation must be based on science. They should be applied only to the extent necessary to protect human, animal or plant life or health. And they should not be arbitrarily or unjustifiably discriminated against between countries with similar or identical conditions. The World Trade Organization (WTO) is the only international organization in the world to deal with the rules of trade between nations. The focus is on WTO agreements, which have been negotiated and signed by most countries in the world and ratified by their parliaments. UPSC aspirants preparing for the IAS audit should be informed of this issue. a.
Agriculture – The first proposal in Qatar in 2001 required that the final agreement commit to significantly improving market access; reduction (and final removal) of all forms of export subsidies (including under the green box and blue box); substantial reductions in trade-distorting support. At the next ministerial meeting (Seattle), developed countries tried to upset developing countries on Singapore issues, but they were able to resist.