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GATT / GATS
TRIM
Threat to
domestic firms
Increases
competitiveness
of domestic
firms
Benefits
consumers
Facilitates
global sourcing
Increases
competitivene
ss of domestic
firms
Encourages
globalisation of
Indian firms
Opportunity
for Indian firms
to export
Encourages
globalisation of
Indian firms
Liberalisation of intern
Increases
foreign
investment
and
competition
from foreign
firms
Threat to
domestic firms
Benefits to
Economy
mpact
TRIMs
TRIPs
Benefits
domestic firms
Encourages
globalisation of
Indian firms
Facilitates
foreign
investment by
Indian firms
(including joint
ventures)
Encourages
globalisation of
Indian firms
Provides
monopoly
power to
owners of
intellectual
property
Encourages
globalisation of
Indian firms