India’s trade portfolio

IIPM BUSINESS & ECONOMY
During his speech after the failure of the Doha round, Pascal Lamy uttered the requiem, “Today, there are only losers...” One could perhaps remind Mr. Lamy that if “losing” means ensuring that the country’s trade is not compromised, then India should be the proudest loser this side of the Atlantic. “While we target new avenues, the domestic market and internal reforms should not be neglected,” supports Biplov Choudhary. In the same way as implementing one strategy blindly would not work across the world, having faith in an institution like WTO, which attempts to get everybody on the boat before capsizing, is clearly illogical. The WTO was dead the day it was formed; thank god we realized it sooner than never.

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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