Business Environment, 4th Edition by Pearson

570 | Chapter 20

9. India’s share of the world exports is a meagre 0.7 per cent and its share of trade

in the world services is even less. Hence, it does not command any bargaining

strength in the WTO-level negotiations.

Most of these problems are of our own making and will have to be resolved

with our own internal eorts. At the WTO’s negotiating table, we can only raise

issues that are applicable to global trade and which do not comply with its given

provisions and conditionalities. Box20.2 vividly explains in points the issues that

are to be raised.

The following figure shows percentage growth of India’s Exports and Imports

for the period ...