India's trade policy review at the World Trade Organisation (WTO) is scheduled to be conducted in June 2015, Parliament was informed today.
"A team from the WTO secretariat has visited the country recently from 19th-25th November 2014 to assess India's trade policies, mainly in lieu of the upcoming sixth Trade Policy Review (TPR) of India, scheduled to be held in June 2015, " Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
The WTO conducts a TPR for member-countries once every four years. It is a mechanism which offers opportunity to other WTO members to ask questions and raise any concerns on different aspects of policies and practices of the country under review.
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The last review was conducted in 2011.
"As part of the review process, the WTO Secretariat prepares a detailed report on the trade related developments in the country since its last review," she said.
The Minister said that the review aimed at improving transparency, creating a better understanding of the trade policies and practices of member countries and enabling a multi-lateral assessment of the effects of such policies and practices on the multi-lateral trading system.
