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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)

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  • 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.

Comments

6 responses to “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)”

  1. chandan mahabaliah Avatar
    chandan mahabaliah

    Payment Id: pay_Jleaaqb12Iv40R

    1. Staff @CD Avatar
      Staff @CD

      Chandan

      Decent attempt, structure of the answer is good.. Content is also fine.
      Intro is good, role of trade deals part is also okay.
      In next part, points are fine but a bit generic, some technicalities can be picked up from the article and incorporated such as need to ensure similar returns for Indian exporters as their counterparts in the partner countries under preferential tariff systems, presence of offset clauses, contingency plans to tackle untoward situations like US removing India from GSP, sunset clauses etc
      Points about parity in services, rules of origin etc are good.
      Conclusion is fine.
      Keep practicing. 🙂

  2. Sushant Kumar Avatar
    Sushant Kumar

    #0000588209

    1. Staff @CD Avatar
      Staff @CD

      Sushant

      Good introduction, role of FTAs part is also nice.
      In concerns to keep in mind, some points can be elaborated.. In point no. 3 you can talk about ensuring similar returns for Indian exporters as their counterparts in the partner countries under preferential tariff systems which has been an issue in past FTAs and hence the imbalance in trade.
      In point 4, you can talk about parity in services trade.
      Further, you can mention need of offset clauses, contingency plans to tackle untoward situations like US removing India from GSP, sunset clauses etc
      Conclusion is fine.
      You can incorporate points from the article for value addition. Keep practicing. 🙂

  3. believing is seeing Avatar
    believing is seeing

    JmQPOijgofaERD

    1. Staff @CD Avatar
      Staff @CD

      Hello

      Introduction is fine, after that the answer gets a bit imbalanced.. Concerns about FTAs are the main crux of the question which should be addressed adequately…
      After intro, mention some recent examples of India’s trade negotiations. Role of FTAs can be kept short, you can use flowchart for this. Points, though are fine.
      Next part is quite generic. You can go through the article tagged once for content building.
      Need to ensure similar returns for Indian exporters as their counterparts in the partner countries under preferential tariff systems, presence of offset clauses, contingency plans to tackle untoward situations like US removing India from GSP, sunset clauses, bringing about parity in service trade, rules of origin etc all can be mentioned.
      Conclusion is fine.
      Keep practicing. 🙂

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