ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

QR Removal and Its Probable Implications

India has quite unnecessarily agreed to remove its quantitative restrictions. It had a good case and might have persuaded WTO to reject the US demand in the matter. QRs are important because developed country firms, suffering from overcapacity, may bring the recession in their own markets into India.

For the developed countries, making and breaking global rules seems to have become a common strategy to force developing nations into the liberalisation process. The recent WTO directive forcing the Indian government to eliminate import barriers from several of its key sectors by April 2001 has only brought it to sharper focus than ever before. What, however, makes it a matter of grave concern is the manner in which the Indian government signed off its right to even decide the pace of its economys liberalisation, in spite of having an iron-clad case.

To begin with, the directive has come at a time when the Indian government has maintained, especially over past five years, a relatively good record in promoting trade liberalisation in several ways, one of them being regularly pruning its list of imports as per the WTO rules. Further, the Indian government has been quite in line with its commitments to the WTO.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here


To gain instant access to this article (download).

INR 59

(Readers in India)

$ 6

(Readers outside India)

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.