Q.3 A well-crafted trade agreement could help India enhance its share in global trade. Therefore, India needs to take care of a few key concerns before entering into trade agreements. What are such concerns India need to address? (10 Marks)

Mentor’s comment-
  • https://indianexpress.com/article/opinion/columns/concerns-of-indian-players-should-be-taken-care-of-while-crafting-ftas-8025545/
  • In the intro, mention India’s recent signing of FTA’s with Australia and UAE.
  • In the body mention how well FTA could help India in increasing its share in international trade. In the next part, mention the concerns that need to be addressed such as ensuring that domestic industry is not forced to compete on unequal terms due to preferential tariff coming close to MFN tariff, implementation of rules of origin, including offset clause, sunset clause and negotiation for parity between merchandise and services.
  • Conclude by stating that India needs to take into account the concerns of Indian players while entering into FTAs.
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chandan mahabaliah
chandan mahabaliah
30 days ago

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29 days ago

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28 days ago

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