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FINANCIAL INSTITUTIONS

Contents 1. World Trade Organisation (WTO)1. Trade without discrimination 1.5.1. General Agreements on Trade in Services (GATS)1.5.2. TRIPS 1.5.3. TRIMS 1.5.4. Agreement on agriculture 1.5.5. Sanitary and Phytosanitary Measures Agreement or SPS 1.5.6. The Technical Barriers to Trade Agreement (TBT)1.6.1. Uruguay Round Results Sticking points 1.6.2. Singapore ministerial meet 1.6.3. Doha Ministerial Meet 1.6.4. Bali Package 1.6.5. Nairobi Ministerial Conference ♤ WTO members agreed to engage constructively in finding a permanent solution to developing countries' use of public stockholding programmes for food security purposes.1.6.6. Bruno Aires conference Reasons for Crumbling Of WTO Relevance of WTO for India 2. IMF 2.1.1. Purpose 2.1.2. IMF Governance 2.1.3. IMF Finances 2.1.3.1. Multiple role of Quotas 2.1.3.2. What are Special Drawing Rights (SDR)?2.1.3.3. 15th General Review of quotas 2.1.3.4. How it lends?2.2.1. Achievement 2.2.2. Criticism 3. World Bank 4. Previous Years GS Mains Questions 1. According to a recent WTO agreement, Least Developed Countries need not comply with IPR protection for pharmaceutical patents till 2021. Explain how these countries can use this opportunity to promote access to drugs, vaccines and diagnostics?Answer:2. Even within the multilateral format of WTO the FTA route has served India well. Comment. How can India effectively deal with the challenges posed by the new mega regional agreements such as TPP?Answer:3. Agricultural subsidies are hotly contested at the WTO negotiations. What are the concerns of developing countries, especially India, vis-a-vis the attitude of developed countries on the issue? What is Special Safeguard Mechanism (SSM)? In this context, what are the reasons underlying India’s keenness on a permanent solution on public stockholding for food security?Answer:

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