CS Final :: World Trade Organisation-International Trade, Joint Ventures & Foreign Collaboration : December 2004

“Trade secrets are registered like other forms of intellectual property and are found in statutes of the member countries.” Comment.

“One set of school of thought feel that WTO is the third pillar of global business while the other argues that WTO is the wrong trade organisation.” Evaluate the statement.

Although India is left with no option except to become a part of WTO in the world order, there are areas to the benefit of India under WTO which it can take advantage of effectively. Comment.

“The WTO has been described a rule based system.” Do you agree ? What steps are taken up when a new issue enters the WTO ?

Why do countries trade with each other ? Why has international trade grown so rapidly in recent years ? Do we need more or less regulation of international trade ?

Define the term MFN. Why is MFN considered to be one of the most important foundations of the successful world trading system and the WTO ?

Explain the procedure to be followed for making an application with regard to dumping and material injury.

337

“Adequate incentives to creators of intellectual products are necessary to ensure the creation of socially optimal output of intellectual products” and that “people are entitled to hold as property whatever they produce by their own initiative, intelligence and industry.” Discuss the above statement with reference to the theories which seek to justify intellectual property rights.

Discuss the kinds of restrictive practices being used in the foreign collaboration and technology transfer agreements.

“The Monopolies and Restrictive Trade Practices Act, 1969 co-exists with the Competition Act, 2002 to promote fair competition so that the Indian market is well equipped to compete with the markets world wide.” State, giving brief reasons, as to whether this statement is correct or incorrect.

Explain the circumstances under which third parties are allowed to be heard by the panels appointed by Dispute Settlement Body (DSB).

“Globalisation implies opening up of the economy selectively for the rest of the globe by liberalising rules and regulations.” Examine.

“Gaining market access via alliances is one of the key strategies followed by foreign companies in international business.” Illustrate.

“It is World Intellectual Property Organisation (WIPO) not the WTO, an appropriate forum for evolving stronger international rules on the protection of intellectual property rights.” Comment.

Under what conditions may a member of the WTO raise tariffs on imports from other countries ? Explain.

Identify and explain the nature and purpose of the trade terms introduced by the International Chamber of Commerce ?

337

Demonstrate the rationales for anti-dumping laws on the basis of any decided case.

What types of strategic policies the Government of India has to implement to limit or encourage inward or outward flows of foreign direct investment? What are the consequences of each initiative on the macro-economy ?