Impact of General Agreement on Tariffs and Trade on Pharmaceutical Marketing in India

December 14, 2018 0 Comment

“The 8th round of multi-lateral trade negotiations popularly known as Uruguay round (since it was launched at Punta Del Este in Uruguay)” was started in September 1986 at a special session of GATT contracting parties held at ministerial level. World trade has undergone a structural change during the four decades since the establishment of GATT in 1948.

Thus, besides the tradition GATT subjects such as tariff and non-tariff barriers and im­provement in GATT rules and disciplines on subsidies and countervailing measures, anti- duping measures etc. Certain new areas such as “Trade Related Aspects of Intellectual Property Rights (TRIPs), Trade Related Investment Measures (TRIMs)” and trade in ser­vice were included for the first time for negotiations.

The Dunkel proposal by Mr. Arthur Dunkel Director General of GATT compiled a very detailed document, finally was acted on Dec. 15, 1993 and India signed the agreement along with 117 nations on April 15, 1994.

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