Indian Fisheries Sector in the Wake of World Trade Agreement: Paradigms and Perspectives

Abstract

International trade has become far more significant in the world economy, and over the past two decades world trade has grown faster than world output growth. However, over the 1990s, the value of world trade has fluctuated substantially. The economic environment for trade, specifically fish trade is changing in a remarkable way due to changes in domestic policies as well as international trade arrangements. GATT, the discussion on which started as early as 1947, the most important one, provided an useful forum for discussion and negotiations on international trade issues. Since then several rounds of talks were organized and the Eighth Round of Multilateral Negotiations popularly known as “Uruguay Round” was initiated in September 1986. Finally the Uruguay Round of Multilateral Trade Negotiations as per the Dunkel Text paved the way for formation of WTO which may have serious implications and consequences for India in many sectors of the economy.