April 2019
Intermediate to advanced
368 pages
12h 18m
English
Content preview from Fundamentals of International Business
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CHAPTER 6
Multilateral Regulation of Trade
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
- Understand the institutional framework of the multilateral trade environment
- Comprehend the objectives, institutional framework, and functioning of the WTO
- Explain the need for UNCTAD as a multilateral trading institution
TRADE WARS
India and the US are at loggerheads in the trade arena and have chosen the WTO’s dispute settlement mechanism to fight out various trade related issues.
The US has complaints about India’s export-related subsidies. These are in the context of five specific schemes: export-oriented units scheme and sector-specific schemes including electronics hardware technology parks scheme, the merchandise ...
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