To provide budding managers a low down on WTO, its functioning, major WTO agreements and issues of present day concern as well of those of future, Delhi School of Management (DSM), the on-campus B-school of Delhi Technological University (DTU) organized a lecture on Tuesday on 'Relevance of WTO for Trade and Industry' by A. B. Menon, Deputy Secretary, Ministry of Commerce, Government of India. The lecture was the part of Special Invited Lecture series to provide the management students of DSM a face-to-face interaction with the leading experts from the industry and Government organizations.
In his address, Menon spoke about the principles of WTO and how it is endeavoured to promote mutually beneficial trade relations without favouring any nation(s) and protecting the interests of both developed and developing member countries. Menon informed that market dynamics and industrial forces of some developed countries have begun to play a major role in determining their trade links with other countries and here it becomes the responsibility of the partnering countries to ensure that the interests of their own local industries and workforce are not adversely affected by any such collaboration. He also spoke about the top trading sectors across the world and how remanufacturing of products is emerging as an important trade area. The objective of DSM is to prepare managers of 21st century having a perfect mix of technology temper and managerial acumen to work in the globally competitive technology-intensive environment.