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AGREEMENTS OBJECTIVE OF<br />

AGREEMENT<br />

162<br />

<strong>International</strong> <strong>Business</strong>- <strong>Dr</strong>. R. <strong>Chandran</strong><br />

IMPACT ON<br />

INDIAN<br />

POLICY/ LAWS<br />

consumer goods,<br />

agricultural,<br />

textiles and<br />

petroleum<br />

products etc.<br />

BUSINESS<br />

IMPLICATIONS<br />

- Availability of<br />

economical, quality<br />

services-Banking,<br />

insurances, in land<br />

transport etc.<br />

• Ignorance among<br />

SMEs on WTO<br />

shockingly high;<br />

set to attract<br />

injuries from<br />

sudden spurt in<br />

unfair imports.<br />

• Reassessment of<br />

comparative<br />

advantage<br />

required. Many<br />

will have to<br />

change<br />

businesses; rigid<br />

legislation and<br />

rules would be a<br />

big stumbling<br />

block in the way.<br />

• Only those<br />

businesses,<br />

whether<br />

producing for<br />

domestic market<br />

or for foreign<br />

markets, who<br />

have<br />

Only for Private Circulation

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