value addition. The exercise is on. Identification of such products is an arduous process. A sub-committee is also looking into it," he added.
Further, at the Indian Institute of Foreign Trade (IIFT), Rao today inaugurated Regional Trade Policy Course (RTPC) being organised by the WTO and the Centre for WTO Studies.
RTPC is a two-month course for government officials from developing countries, LDCs, economies in transition, and countries in the process of accession to the WTO.
"21 participants from 17 countries of Asia-Pacific region will participate in the forthcoming RTPC," he said.
During the 2-month programme, the participants will be given an in-depth exposure to WTO and international trade issues.
The RTPC will seek to enhance the participants' understanding of their regional environment and how it relates to trade-policy making. It will also help develop a good understanding of the WTO, including the Agreements and improve their analytical and negotiating skills.
Besides, it will aim at effective usage of relevant information and documentation on trade-related issues.
The countries represented in the forthcoming RTPC for Asia-Pacific Region include Bangladesh, Bhutan, Cambodia, India, Indonesia, Laos, Malaysia, Mongolia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam.
Rao said the course will enhance the understanding the changing pattern in the global trade.
"The world trade has grown by 24 times. But complexities of doing business has also grown. There are tariff and non-tariff barriers. NTBs are increasingly become more pronounced as we are intensifying our global engagement," he said.
In 1996, the world trade was unipolar and now it has shifted to the Asian region, he stated.
"We have the most populous and emerging markets in Asia," he said, adding "things are very complex in global trade. How do you respond to the coming challenges. Participants will learn all these in the RTPC."