The Trade Facilitation Agenda of the WTO and India’s Commitments: Where does India stand?
Synopsis
With the ratification of the Trade Facilitation Agreement (TFA) in 2016 under the aegis of the World Trade Organization, India has launched a comprehensive agenda for trade facilitation reforms to fulfil its legal commitments and improve its global ranking on ease of doing business indicators.
Implementation of the TFA hinges on various obligations in the form of these commitments under the agreement, which further depend on the ‘capacity’ of the member countries with regard to implementation. This capacity can be measured in terms of the ability of countries to effectively enforce these obligations by employing various stringent policies on the domestic platform, along with possible international initiatives. This discussion becomes interesting when we also scrutinise the legal nature of the provisions of the TFA.
Against this backdrop, this paper examines India’s commitments and capacity in light of various trade initiatives taken by the country, while at the same time looking into a myriad of challenges and possible opportunities that exist for India on its trade facilitation journey.
Downloads
Published
Online ISSN
Categories
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.