Last Updated on December 24, 2013 by MBAUniverse.com News Desk
GD Topic for MBA: What India gained at the WTO DOHA Round
This is the 10th article in the series of GD PI WAT preparation for MBA Admission 2014. This article is on the GD Topic What India gained at the WTO DOHA Round? to help you prepare for your GD PI WAT round at Admission 2014
MBAUniverse.com has started a new expert series of GD PI WAT preparation for MBA Admission 2014. This series of articles will help aspirants prepare for their GD PI WAT by providing them valid contents, probable topics and experts advice to help you succeed during admission process at various B schools.
This article is based on the GD Topic What India gained at the WTO DOHA Round? to help you provide inputs for your group discussion rounds.
Our last articles in GD PI WAT preparation for MBA Admission 2014 were:
GD topic for MBA: Political activism is the only way to root out corruption
GD Topic for MBA: New Lokpal will be effective in curbing corruption
GD Topics: Gender bias in portraying Women in Advertisements
GD Topic for MBA: RBIs new governor has taken adequate steps to improve Indian Economy
GD Topic for MBA: Corruption is the root cause for Indian Economy slowdown
GD Topic for MBA: The rise in vegetable prices is a man made farce
GD Topic for MBA: Opinion Polls be banned in pre election period
GD Topic for MBA: Should business lobbying be made legal in India?
GD Topics: Will India remain way behind China?
GDs are conducted to test managerial attributes like interpersonal skills, leadership, analytical and rational thinking, knowledge and personality traits.
A successful manager should not just be good with his quota of work, but he/she is expected to contribute as part of a team. Ability to work and contribute in teams is a must to succeed in the corporate sector. And thats what GDs aim to test.
This article is based on the GD Topic What India gained at the WTO DOHA Round?
Click here to score high marks in GD PI WAT at Top B school for Admission 2014: http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
Background
The Doha Round was officially launched at the WTOs Fourth Ministerial Conference in Doha, Qatar, in November 2001. It is the latest round of trade negotiations among the WTO membership. Its aim is to achieve major reform of the international trading system through the introduction of lower trade barriers and revised trade rules.
Its the ninth round since the Second World War and the first since the WTO inherited the multilateral trading system in 1995. It aims to produce the first major overhaul of the system in the 21st Century.
The work programme covers about 20 areas of trade. The Round is also known semi-officially as theDoha Development Agenda as a fundamental objective is to improve the trading prospects of developing countries.
The gains that were promised to Indian low cost producers of agricultural commodities during the Uruguay Round negotiations have not been realised. Developed countries have been against the continuation of the market distorting subsidies in Agriculture.
Key points
TheDoha Ministerial Declaration provided the mandate for the negotiations, including on agriculture, services and environment, which began earlier.
In Doha, ministers also approved a decision on how to address the problems developing countries face in implementingthe current WTO agreements.
Binding the complexity together are two key principles: decisions are by consensus, which means everyone has to be persuaded before any deal can be struck, and nothing is agreed until everything is agreed, sometimes called the single undertaking. Hence all the 159 members have to agree.
While Indian producers have been unable to get any advantage in the global markets, India now finds that its domestic market is being threatened by cheap imports. Besides textiles and clothing and agriculture, in other areas of Indias export interest there are problems of tariff peaks and tariff escalations.
Click here to score high marks in GD PI WAT at Top B school for Admission 2014: http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
Arguments for the topic
1. India is one of the few developing countries with the size and influence to attract the attention of the world when it raises the flag. The prospect of new markets in the growing Indian middle-class is making the US and the EU much more sensitive to Indias trade concerns.
2. India had her way to retain the Food Security Law. Although it may push Indias minimum support prices above WTO limits, but interim mechanism will provide safeguards till WTO rules are corrected. New rules for public stock holding of foods in developing countries for food security will be formed.
3. India has got the opportunity in the form of Agreement on Trade Facilitation which might boost Indias exports. The trade facilitation measures will give almost all exports of the least developed countries tariff-free and quota-free access to the market in developed countries
4. India was the one to raise the flag against elimination of support subsidies to poor farmers. Although it was against WTO rules, support subsidies to poor farmers got safeguards and as such will continue. India won an indefinite waiver, well until a permanent solution can be reached.
5. India was the one to prepare the first agreement in the nine Ministerial held after the Doha Round
6. India gains global leadership by getting a crucial poor-rich country imbalance corrected on a multilateral forum
Click below to Apply to top B schools for MBA Admission 2014
B Schools in Delhi NCR
B Schools in Mumbai
B Schools in Pune
B Schools in Bangalore
B Schools in Chennai
B Schools in Hyderabad
B schools in Cochin
B Schools in Bhubaneswar
B schools in Kolkata
Arguments against the topic
1. The WTO Multilateral Trade Negotiations in Bali almost failed. Since a complete consensus of 159 member nations is required, it appeared to be wastage of time, energy and money. The negotiations were plagued with irreconcilable differences among members from the outset and have stalled several times.
2. The agreed points are against the rules which govern trade among member nations in goods, services and intellectual property. They are the foundation of the present world economic order.
3. The economists fear that the food security measure may actually increase food prices in the stock holding countries and lead to dumping of excess stocks in other countries.
4. The Bali package covers only a very small fraction of the 40 areas laid out originally in the Doha Declaration. It is quite unclear if and when any of the remaining areas will be resolved.
5. If governments closed their markets for goods and services to the maximum allowed under their present commitments, going to the highest tariffs legally bound in the WTO, and the minimum market opening they committed in services, this could slash world trade in goods and services by almost 10%.
Concluding the GD session
Many members, besides India, feel that though Doha yielded a modest outcome, it could provide clear guidelines and time-lines for progress on some of the more contentious implementation issues.
Commitments made by the developed countries to developing countries have been left unfulfilled this quite clearly represents a case of discriminatory trade policies practiced by the developed countries. These appear more galling in view of the fact that countries like India have largely fulfilled the commitments that they had taken. Indias maximalist position on implementation issues may be justified, as these issues have now become a necessary and important part of any agenda developed during the Doha ministerial.
The Bali package was achieved through the consensus among the 159 members of the World Trade Organization during its 9th Ministerial Conference which concluded on December 7, 2013. This is a milestone for the WTO and its members, proving that outcomes from multilateral negotiations are still possible and that efforts to update multilateral trading rules are still achievable.
Click here to score high marks in GD PI WAT at Top B school for Admission 2014: http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
To read the admission policies of the IIMs at MBAUniverse.com, click on the following links:
IIM Ahmedabad Admission criteria 2014-16
IIM Bangalore Admission criteria 2014-16
IIM Calcutta Admission Criteria 2014-16
IIM Lucknow Admission Criteria 2014-16
IIM Kozhikode Admission Criteria 2014-16
IIM Indore Admission Criteria 2014-16
IIM Shillong Admission Criteria 2014-16
IIM Tiruchirappalli Admission Criteria 2014-16
IIM Shillong Admission Criteria 2014-16
For any doubts and queries related to the exam pattern, preparations and other related queries about MBA entrance exams like XAT, NMAT, SNAP, CMAT and MBA Admission 2014, click here http://www.mbauniverse.com/mbau_faq/client.php
GD PI WAT Preparation for MBA Admission 2014
Know 10 Important Donts for Essay writing
GD Topics: Will India remain way behind China?
GD Topic for MBA: Should business lobbying be made legal in India?
8 key points for effective Essay Writing
GD PI: Importance and Role of Group Discussion in MBA Admission 2014
GD Preparation: 7 Effective Dos to win GD for MBA admission
Personal Interview: Model questions & answers for MBA Admission 2014
GD PI: 10 important Personal Interview tips for MBA Admission 2014
Essay Writing and WAT in IIMs : Role, Importance and Weightage
Prepare General Awareness section for MBA exams
To score high marks in General Awareness section, click below to practice GK questions
http://www.mbauniverse.com/general_awareness/general_awareness.php
MBA exam Results: Know Exams and their key dates
Other MBA Exams Preparation
XAT 2014 Decision Making: Focused approach & practice questions for this crucial section
XAT 2014: 30 minutes Verbal Error correction on Articles
NMAT 2014 Exam pattern, Paper pattern and Test schedule
SNAP 2013: Analytical Ability can fetch 33% marks in SNAP 2013
IBSAT 2013: ICFAI B Schools, IBSAT 2013 exam Pattern and key dates
CMAT 2014: Dates announced, exams to start from Feb 20, 2014
MAH CET 2014 Exam pattern and updates
MICAT 2014: Admission Criteria and Test Pattern
Stay tuned to MBAUniverse.com for articles on Probable GD Topics for MBA Admission 2014
This article is based on the GD Topic What India gained at the WTO DOHA Round? to help you provide inputs for your group discussion rounds.
Our last articles in GD PI WAT preparation for MBA Admission 2014 were:
GD topic for MBA: Political activism is the only way to root out corruption
GD Topic for MBA: New Lokpal will be effective in curbing corruption
GD Topics: Gender bias in portraying Women in Advertisements
GD Topic for MBA: RBIs new governor has taken adequate steps to improve Indian Economy
GD Topic for MBA: Corruption is the root cause for Indian Economy slowdown
GD Topic for MBA: The rise in vegetable prices is a man made farce
GD Topic for MBA: Opinion Polls be banned in pre election period
GD Topic for MBA: Should business lobbying be made legal in India?
GD Topics: Will India remain way behind China?
GDs are conducted to test managerial attributes like interpersonal skills, leadership, analytical and rational thinking, knowledge and personality traits.
A successful manager should not just be good with his quota of work, but he/she is expected to contribute as part of a team. Ability to work and contribute in teams is a must to succeed in the corporate sector. And thats what GDs aim to test.
This article is based on the GD Topic What India gained at the WTO DOHA Round?
Click here to score high marks in GD PI WAT at Top B school for Admission 2014: http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
Background
The Doha Round was officially launched at the WTOs Fourth Ministerial Conference in Doha, Qatar, in November 2001. It is the latest round of trade negotiations among the WTO membership. Its aim is to achieve major reform of the international trading system through the introduction of lower trade barriers and revised trade rules.
Its the ninth round since the Second World War and the first since the WTO inherited the multilateral trading system in 1995. It aims to produce the first major overhaul of the system in the 21st Century.
The work programme covers about 20 areas of trade. The Round is also known semi-officially as theDoha Development Agenda as a fundamental objective is to improve the trading prospects of developing countries.
The gains that were promised to Indian low cost producers of agricultural commodities during the Uruguay Round negotiations have not been realised. Developed countries have been against the continuation of the market distorting subsidies in Agriculture.
Key points
TheDoha Ministerial Declaration provided the mandate for the negotiations, including on agriculture, services and environment, which began earlier.
In Doha, ministers also approved a decision on how to address the problems developing countries face in implementingthe current WTO agreements.
Binding the complexity together are two key principles: decisions are by consensus, which means everyone has to be persuaded before any deal can be struck, and nothing is agreed until everything is agreed, sometimes called the single undertaking. Hence all the 159 members have to agree.
While Indian producers have been unable to get any advantage in the global markets, India now finds that its domestic market is being threatened by cheap imports. Besides textiles and clothing and agriculture, in other areas of Indias export interest there are problems of tariff peaks and tariff escalations.
Click here to score high marks in GD PI WAT at Top B school for Admission 2014: http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
Arguments for the topic
1. India is one of the few developing countries with the size and influence to attract the attention of the world when it raises the flag. The prospect of new markets in the growing Indian middle-class is making the US and the EU much more sensitive to Indias trade concerns.
2. India had her way to retain the Food Security Law. Although it may push Indias minimum support prices above WTO limits, but interim mechanism will provide safeguards till WTO rules are corrected. New rules for public stock holding of foods in developing countries for food security will be formed.
3. India has got the opportunity in the form of Agreement on Trade Facilitation which might boost Indias exports. The trade facilitation measures will give almost all exports of the least developed countries tariff-free and quota-free access to the market in developed countries
4. India was the one to raise the flag against elimination of support subsidies to poor farmers. Although it was against WTO rules, support subsidies to poor farmers got safeguards and as such will continue. India won an indefinite waiver, well until a permanent solution can be reached.
5. India was the one to prepare the first agreement in the nine Ministerial held after the Doha Round
6. India gains global leadership by getting a crucial poor-rich country imbalance corrected on a multilateral forum
Click below to Apply to top B schools for MBA Admission 2014
B Schools in Delhi NCR
B Schools in Mumbai
B Schools in Pune
B Schools in Bangalore
B Schools in Chennai
B Schools in Hyderabad
B schools in Cochin
B Schools in Bhubaneswar
B schools in Kolkata
Arguments against the topic
1. The WTO Multilateral Trade Negotiations in Bali almost failed. Since a complete consensus of 159 member nations is required, it appeared to be wastage of time, energy and money. The negotiations were plagued with irreconcilable differences among members from the outset and have stalled several times.
2. The agreed points are against the rules which govern trade among member nations in goods, services and intellectual property. They are the foundation of the present world economic order.
3. The economists fear that the food security measure may actually increase food prices in the stock holding countries and lead to dumping of excess stocks in other countries.
4. The Bali package covers only a very small fraction of the 40 areas laid out originally in the Doha Declaration. It is quite unclear if and when any of the remaining areas will be resolved.
5. If governments closed their markets for goods and services to the maximum allowed under their present commitments, going to the highest tariffs legally bound in the WTO, and the minimum market opening they committed in services, this could slash world trade in goods and services by almost 10%.
Concluding the GD session
Many members, besides India, feel that though Doha yielded a modest outcome, it could provide clear guidelines and time-lines for progress on some of the more contentious implementation issues.
Commitments made by the developed countries to developing countries have been left unfulfilled this quite clearly represents a case of discriminatory trade policies practiced by the developed countries. These appear more galling in view of the fact that countries like India have largely fulfilled the commitments that they had taken. Indias maximalist position on implementation issues may be justified, as these issues have now become a necessary and important part of any agenda developed during the Doha ministerial.
The Bali package was achieved through the consensus among the 159 members of the World Trade Organization during its 9th Ministerial Conference which concluded on December 7, 2013. This is a milestone for the WTO and its members, proving that outcomes from multilateral negotiations are still possible and that efforts to update multilateral trading rules are still achievable.
Click here to score high marks in GD PI WAT at Top B school for Admission 2014: http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
To read the admission policies of the IIMs at MBAUniverse.com, click on the following links:
IIM Ahmedabad Admission criteria 2014-16
IIM Bangalore Admission criteria 2014-16
IIM Calcutta Admission Criteria 2014-16
IIM Lucknow Admission Criteria 2014-16
IIM Kozhikode Admission Criteria 2014-16
IIM Indore Admission Criteria 2014-16
IIM Shillong Admission Criteria 2014-16
IIM Tiruchirappalli Admission Criteria 2014-16
IIM Shillong Admission Criteria 2014-16
For any doubts and queries related to the exam pattern, preparations and other related queries about MBA entrance exams like XAT, NMAT, SNAP, CMAT and MBA Admission 2014, click here http://www.mbauniverse.com/mbau_faq/client.php
GD PI WAT Preparation for MBA Admission 2014
Know 10 Important Donts for Essay writing
GD Topics: Will India remain way behind China?
GD Topic for MBA: Should business lobbying be made legal in India?
8 key points for effective Essay Writing
GD PI: Importance and Role of Group Discussion in MBA Admission 2014
GD Preparation: 7 Effective Dos to win GD for MBA admission
Personal Interview: Model questions & answers for MBA Admission 2014
GD PI: 10 important Personal Interview tips for MBA Admission 2014
Essay Writing and WAT in IIMs : Role, Importance and Weightage
Prepare General Awareness section for MBA exams
To score high marks in General Awareness section, click below to practice GK questions
http://www.mbauniverse.com/general_awareness/general_awareness.php
MBA exam Results: Know Exams and their key dates
Other MBA Exams Preparation
XAT 2014 Decision Making: Focused approach & practice questions for this crucial section
XAT 2014: 30 minutes Verbal Error correction on Articles
NMAT 2014 Exam pattern, Paper pattern and Test schedule
SNAP 2013: Analytical Ability can fetch 33% marks in SNAP 2013
IBSAT 2013: ICFAI B Schools, IBSAT 2013 exam Pattern and key dates
CMAT 2014: Dates announced, exams to start from Feb 20, 2014
MAH CET 2014 Exam pattern and updates
MICAT 2014: Admission Criteria and Test Pattern
Stay tuned to MBAUniverse.com for articles on Probable GD Topics for MBA Admission 2014