Dreams
വല്ലാതെ മോഹിപ്പിക്കുന്നു സ്വപ്നങ്ങൾ
Trade disputes between India and US
Recently, India settled four long standing trade disputes between U.S. and India through negotiation. Role of Litigation/negotiation Litigation between countries at WTO often take years to settle and creates much bad blood Trade has to operate through good faith and proper give and take International trade makes win - win solution through comparative advantage and specialization India needs as much trade as it can get to feed it's a billion strong population Way forward Mediation and negotiation need to be incorporated institutionally into WTO architecture Developed countries need to realize that lack of trade makes world much more poorer than it is WTO appointments need to be proper and timely India needs to mediate between Global North and South wherever possible Nations need to collaborate and concede to achieve the sustainable development goals.
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