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

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Indian Pharmaceutical Industry in WTO Regime

A SWOT analysis of the Indian pharmaceutical industry (IPI) in the WTO regime reveals that the much acclaimed IPI's expertise in process development skills were made possible by amendments made to the Indian Patents Act 1970. This strength should be utilised to the hilt to benefit from opportunities that arise from vertical disintegration of research, clinical trials and manufacturing by the multinationals. IPI faces threats in the form of competition from other Asian giants, particularly China. This paper argues that the IPI should adopt various strategies like producing off-patented products, new patented products by acquiring compulsory licensing or cross licensing, collaborate with multinationals not only in R and D and manufacturing, but also in marketing new patented products and improving the standards of production to widen the export market.

Shrimp-Turtle Decision in WTO

This paper looks at the shrimp-turtle dispute between the US and shrimp exporting countries, including India. The US imposition of a ban on import of shrimps caught using methods endangering sea turtles has not affected Indian exports adversely. However, the ruling of the appellate body of the WTO has far-reaching implications as it virtually mainstreams environment in the world trade regime. It also legitimises the imposition of unilateral trade sanctions and process-related requirements to protect the environment.

TRIPS Agreement and Amendment of Patents Act in India

This article examines whether the amendment to the Indian Patents Act, 1970 has taken advantage of the provisions available under the TRIPS agreement, and look at the exemption, exception and compulsory licensing provisions in pharmaceuticals.

Calcutta Diary

Immigration of ordinary labour from the poor to rich countries fouls up the ethnic mix; but some kinds of immigrants, scientists, and such others even of poor countries are allowed in. James Tobin has suggested the payment of a tax to the poor country for every such person. If the principle is conceded, why not then concede the legitimacy of the demand for the liberal movement of all labour from the poor to rich countries?

Leveraging Liberalisation

Using the Indian cement industry as an example, this paper argues that there is a limit to leveraging liberalisation. Developing-country companies cannot match the clout of MNCs in controlling the global market. The Indian cement industry, which witnessed rapid production and capacity growth during the past two decades, has suffered a decline in exports in recent years as MNCs setting up shop in other developing countries retained their hold on international markets.

Small-Scale Units in the Era of Globalisation

This paper focuses on the ongoing changes in the business environment and the analysis of their implications for small-scale units. Specifically, it looks at possible ways of improving the competitive strength and commercial viability of small-scale units in the changing context. For this, substantial improvements will be needed in technology, such as mechanisation, organisation and information and the revamping of policy measures to encourage the growth of small units through collective efforts, ending their isolated mode of operation.

Indian Ocean Regionalism: Is There a Future?

The Indian Ocean Rim Association for Regional Cooperation was launched to affect a quicker process of liberalisation in countries disadvantaged in one way or other in the WTO regime, so that through open regional arrangements and agreements they could all gain quickly from the transforming trade and investment environment. An assessment of its five-year existence.

Case for Free Trade

Free Trade Today by Jagdish Bhagwati; Princeton University Press, 2002; published in India by Oxford University Press, New Delhi, 2002; pp xiii + 128, Rs 295.

WTO and Indian Banking Sector: The Road Ahead

Increasing globalisation of trade under the WTO has provided India with a new opportunity as well as a necessity to strengthen her efforts at reforming her domestic financial sector. The real issue before India is how to obtain the best deal for herself in the current round of negotiations while seeking to reform her financial sector. In this paper the authors have identified six major issues that will come up for consideration in this round of WTO negotiations and made recommendations for India's response strategy by appropriately drawing lessons from the global experience in the opening up of the banking sector.

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