Group Members

Ravi Mishra 41 Simranjeet Singh 51

Rohit Desmukh 43 Vijay Valecha 53
Ruchika Singh 45 Waize Ali 55
Savio D’Mello 47 Rakesh Boloor 57
Shazaan Querashi 49 Karan Rajasth 59
Introduction
 Definitions
 Trade
 Free Trade
 Trade Barriers •Import duties
•Import licenses
•Export licenses
•Quotas
•Tariffs
•Subsidies
•Sanctions
 Trade Blocs
A Large free trade zone formed by
one or more tax, tariff and trade
agreements
Types of Trade Blocs
Free Trade Area
Customs Union
Common Market
Economic Union
 Stages of Integration
Commo Removal of Harmonization
Abolition n Restrictions of
Stage of of Tariff & on Economic,
Integration Tariff Quot Factor Social &
& Quotas a Movement Regulatory
System s Policies
Free Trade Area Yes No No No

Customs Union Yes Yes No No

Common Market Yes Yes Yes No

Economic
Yes Yes Yes Yes
Union
 Objectives of
Trade Blocs
 Economic Integration of members.
 Common Currency.
 Free Transfer of labour/Capital.
 Opportunity for less developed nation.
 Helping neighboring countries stabilize
and prosper.
 Benefits
Larger markets for Members

Facilitate Optimum Utilization of

Resources

Facilitates Economic Co-operation

Collective bargaining
SAARC
History Of SAARC
Established on 8th Dec 1985

State Members

Areas Promoting Cooperation

Purpose of SAARC
Providing platform to South Asia

Promoting Welfare

Cooperation on basis of Principles

 Legal Aspects
Standing Committee on 28th&23rd
session proposing a draft of Addition
Protocol.

On 12th SAARC Summit the Additional

Protocol was imposed and signed by
the Council of Ministers.
 Anti Dumping Laws in
SAARC
Give special regard to the situation of the Least
Developed Contracting States when considering
the application of Anti-Dumping Laws

Provide an opportunity to Least Developed

Contracting States for consultations

Shall, to the extent practical, favorably consider

accepting price undertakings.
 Association With
International Bodies
Signed MOU with
UNCTAD,UNICEF,ITU,WHO.

Regular Dialogue with other Regional

Organizations

SAARC going beyond official linkages

 Trade Facilitation
Measures
SAARC Preferential Agreement with
(SAPTA)

Agreement on SAFTA

Agreement on South East Economic

Union
 Trade Facilitation
Measures
Custom Action Plan

Regional Action Plan on Standards,

Quality Control, Measurement

Promotion and Protection of

Investment

Subsidies to Agriculture Sector

European Union
Reason why was
EU Formed??
European Union
Largest
Confederation
of independent
states.
Single Market.
Schengen
Agreement.
Common
Policy.
Policies Of European
Union
Exchange rate policy
Tax Policy
Agriculture policies
Industrial policies
Competition Policy
Transport policy
European Union
Law
Primary legislation

Secondary legislation

Decision Making
Competition Act of EU
Competition law is one of the areas of
authority of the EU. It comprises of three
main policy areas

Antitrust: Article 81 and 82 EC.

Mergers: Council Regulation 139/2004

EC (the Merger Regulation).

State aid: Article 87 EC.

European Union
&
India
 CASE

• REWE  GERMANY
 Treaty
 International agreements
 Protocols
 Conventions
 Exchanges of letters
 Exchanges of notes
 Types of Treaties
Bilateral Treaty
 Comprises of 2 parties.
 Rights and obligations between the
two states

Multilateral Treaty
 Several parties.
 Rights and obligations between
each and every party
Formation : 1 January 1995
Headquarters : Geneva, Switzerland
Membership : 150 member states
Official languages : English, French,
Spanish
Director-General : Pascal Lamy
Budget : 175 million Swiss francs
WTO
 Duration of a Dispute
Settlement procedure
60 days : Consultations, mediation, etc
45 days : Panel set up
6 months : Final panel report to parties
3 weeks : Final panel report to WTO
members
60 days : Dispute Settlement Body
adopts report (if no appeal)
Total = 1 year (without appeal)
 With Appeal
60-90 days : Appeals report

30 days : Dispute Settlement Body

adopts appeals report

Total = 1 year 3 months (with

appeal)
 Allows smaller countries to
participate.
 Simplifies the rules and makes
them more transparent.
 MFN clauses promote non-
discrimination among countries.
Dumping and Antidumping
 Economics - Predatory pricing/Price
discrimination
 International Trade law
 Remedies and Penalties
 Antidumping – an instrument for free
trade,permitted by
WTO.
- india,1985
 Differentiate antidumping & custom duty.
 Antidumping Authority
Administered by DGAD
Headed by designated authority
Duty finally imposed by notification
of ministry of finance
Minister of chamber of comm. And
industry- State: Patangrao kadam
Union: Kamal nath
 CASE-- US rejects oil dumping
action

 A coalition of
independent American
oil producers filed
petition accusing
Mexico,Venezuela,
Saudi Arabia, Iraq.

 Dumping cheap
subsidized oil in
American market
 FAQ’S
 What is anti dumping. Does dumping mean
cheap or low priced imports ?
 Why is injurious dumping considered as
being unfair ?
 Why are anti-dumping measures necessary?
 Isn't it good that consumers can purchase
products at a lower price?
 What is normal value, export price, dumping
margin?
 Cases
Chinese and Vietnamese leather
shoes V/S European Market

Five Rivers Electronic

Innovation V/S Wal-Mart
CONCLUSION