Global Business Environment .

Running Head: GLOBAL BUSINESS ENVIRONMENT 0
GLOBAL BUSINESS ENVIRONMENT
STUDENT NAME
12-15-2018

GLOBAL BUSINESS ENVIRONMENT 1
Contents
1. Introduction..............................................................................................................................2
2. World trade organization..........................................................................................................4
2.1 Role within WTO..............................................................................................................4
India.........................................................................................................................................4
China........................................................................................................................................5
2.2 Relationship with the WTO..............................................................................................7
India.........................................................................................................................................7
China........................................................................................................................................8
2.3 Impact of WTO.................................................................................................................9
India.........................................................................................................................................9
China......................................................................................................................................11
3. Conclusion.............................................................................................................................13
4. References..............................................................................................................................14

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1. Introduction
WTO, world trade organization is an organization that is global or international, focused over
nation’s trade and its rules. Center of this organization is “world trade organization agreements,”
which is signed and negotiated by various trading nations globally and ratified in their respective
parliaments. The major object of this organization is to help producers of service and goods,
importers, and exporters to conduct the business effectively (wto, 2018).
The organization was established on 1 January 1995 and it is located at Geneva. Moreover, it
concluded 164 members across the world that is around ninety-eight percent of trade globally.
Consider the function of the organization; it is responsible for administering trade agreements. It
provides a forum negotiation related to trade and trade disputes handling. It is also held
responsible to monitor national trade policy and provide training to the developing nations and
technical assistance. The organization is cooperative with a various international organization as
well (wto, 2018).
The world trade organization is working for the mutual benefit of its members, and work for all
the nations related to this. In the report, the discussion would include two nations that are India,
and China, their roles within this organization, relationship with WTO, and the impact on these
countries. Considering the history, this organization builds from the previous organization that
was GATT (General agreement on trade and tariffs). This organization was created in
negotiations held in Uruguay round in 1986 to 1994. Director General that is head of this
organization is Roberto Azevedo (wto, 2018). India and China are two very different nations,
and both are members of WTO. Nevertheless, both have different relations with WTO and have

GLOBAL BUSINESS ENVIRONMENT 3
been differently impacted by the organization, which will be compared and contrasted in the
report further.
2. World trade organization
2.1 Role within WTO
India
As WTO is working for the benefit of the nation, India also plays role in WTO. India has
continuously taken the position that launch of the entire round that covers depending upon the
full merging of viewpoint within all the membership of WTO on the framework and scope for
negotiations. While implementing Uruguay round agreements, the task for the organization was
to resolve developing nation’s concern (Gowa, 2015).
Incorporation of livelihood section: ensuring livelihood and food security is critical especially for
a developing and large economy, such as India. In the negotiation, the nation proposal included
the suggestion in the favor of developing nations to maintain accurate tariff building levels,
initiating with the prevailing distortion and developmental needs in the international market.
Moreover, the nation requested to include a safeguard mechanism separately, which would
consider imposition for restrictions, related to quantity under particular situations or
circumstances. Especially, in decline in process or import surge; exemptions from the duty to
provide least market accessibility for developing nations; indemnities of measures that
developing nation took for rural development, poverty alleviation, and rural employment
(bagwell & Staiger, 2018).
India’s immediate role consist of reaching an agreement earlier with the developing nations that
must be executed, so that that the inherent imbalance corrects in the Uruguay round. Meaningful