| The Committee on Trade Laws and WTO was constituted with a mission to establish and assure the expertise and authority of the ICAI in all matters of conceptualization, formulation, negotiation, implementation of international trade regimes including the WTO regime in general, both nationally and internationally and to create and expand a base of expertise in these matters among the membership of the ICAI through such ways and means as are considered to be most effective so as to fulfil stated and unstated national aspirations, concerns and needs in this regard. |
The Committee has been in existence from February 2001 and has as a part of its threefold activities namely - (1) awakening campiagn (2) identification of concerns - negotiation skills, formulating positions / strategies and (3) education to develop enough expertise to address the concerns to safeguard the sovereignty has undertaken various activities for identification of issues and concerns arising out of implementation of the WTO agreements. The Committee has had five meetings since February 2001 wherein apart from the members of the Committee, Sr. functionaries from Govt. of India in Minstry of Commerce, Directorate of Anti-dumping and Safeguards have attended and fruitfully guided the deliberations during the course of meetings. The Committee though in its nascent stage of working but has endeavoured t come a long way during the course of last 18 months of its active existence. |
Major initiatives undertaken by the Committee are as under : |
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The First International Conference on Concerns of Developing Nations in the WTO Regime has been successfully organised by the Committee on 20-21 August, 2001 in collaboration with the United Nations Conference on Traden & Development (UNCTAD) and the Directorate of Anti-dumping and Allied Duties, Ministry of Commerce, Govt of India. The Conference was graced by the presence of Hon'ble Prime Minister of India, Shri Atal Bihari Vajpayee and a galaxy of Union Minstere - Hon'ble Shri Arun Jaitley, then the Union Minster of Law Justice & Company Affairs, Hon'ble Shri Suresh Prabhu, then the Union Minster of Power, Shri Digvijay Singh, then the Minster of State for Commerce, Hon'ble Dr. Raman Singh, Minister of State (Industry) and Dr. Murli Manohar Joshi, Hon'ble Minster of HRD & Science and Technology. The Conference was also attended by a galaxy of Sr. Govt. functionaries including Secretary, Deptt. of Commerce, Company Affairs Director General - Anti dumping. The Conference provided a platform to al concerned policy makers, administrators, professionals and other stakeholders involve, who endeavouredn in identifying, deliberating upon the formulating solutions strategies and positions in respect of issues of concernes o the developing countries, in general, and India, in particular in the process of implementation of various Agreements of WTO. |
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The Committee has finalised research project entitled "Road Ahead" containing recommendations arising out of the deliberations and discussions that took place t the International Conference on Concerns of the Developing Nations in the WTO Regime held by the Committee in collaboration with the United Nations Conference on Trade & Development (UNCTAD) and the Directorate of Anti-Dumping and Allied Duties, Ministry of Commerce, Government of India on 20-21 August, 2001 at New Delhi |
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The Department of Company Affairs had constituted a Workinig Group headed by the Chairman CTL & WTO of ICAI and consisting of representatives of ICSI, ICWAI, Deptt.of Company Affairs, Minstry of Commerce, Bar Council of India, CII, ASSOCHAM, FICCI & other stake holder for preparation of Request List in Accountancy sector for consideration by Govt. of India in ongoing negotiations in WTO. The Working Group has since submitted its First Report to the Deptt.of Company Affairs for their consideration. The Secretarial support to the Working Group was provided by the ICAI. In pursuance of the first report referred the Request List in the Accountany, Auditing and Book-Keeping Services has been formulated by the ICAI and sent to Department of Company Affairs. |
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The Post Qualification Course on Trade Laws and WTO being brought out by the Committee has been approved by the Council. The same is under active consideration of the Central Government. | | | | |
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