Law Answer Writing Practice 2018 - Week 11 - Question 2
90 Days Law Answer Writing Practice Question 2 for 21-Jan-2019
Instructions for Writing Answer
1. Write your answers in the comment section.
2. Experts will provide their feedback in reply.
3. Model Answers will be uploaded on this page the next day.
4. Rectify your mistakes and progress further.
5. All the Best.
21-Jan-2019 - Question 2
What are the objectives, structure and functioning of World Trade Organization? Does signing and ratifying WTO undermine the Parliamentary authority of India? (2014) – 20 Marks
For Question 1 - Click Here
The WTO has six key objectives:
(1) to set and enforce rules for international trade,
(2) to provide a forum for negotiating and monitoring further trade liberalization,
(3) to resolve trade disputes,
(4) to increase the transparency of decision-making processes,
(5) to cooperate with other major international economic institutions involved in global economic management, and
(6) to help developing countries benefit fully from the global trading system.
The structure of the WTO is dominated by its highest authority, the Ministerial Conference, composed of representatives of all WTO members.
The day-to-day work of the WTO, however, falls to a number of subsidiary bodies; principally the General Council, also composed of all WTO members, which is required to report to the Ministerial Conference. The General Council delegates responsibility to three other major bodies - namely the Councils for Trade in Goods, Trade in Services and Trade-Related Aspects of Intellectual Property.
Signing and ratifying WTO in no way undermines the authority of Parliament in India, as it is up to the Parliament to decide as to whether any treaty is to be ratified or not.
Parliament can by making a law prohibit the Executive to enter into a particular treaty or a particular kind of treaties; similarly, it can also direct the Executive to enter into a particular treaty or may disapprove or reject a treaty signed and/or ratified by the Executive.