Conclusion on Aid to trade in India or related to india
Answers
conclusion and suggestion
Transportation is, both a traded services in its own right as well as pre-requisite for trade in goods and services. Transport is an integral part of the production process and therefore has a direct bearing on a country's economy and development. The very survival of a nation depends fundamentally on the movement of goods it produces and receives in exchange from other nations. It is a life line of international trade. Effective and efficient transportation brings about enhanced international trade, increased foreign exchange, and hence the GDP of a country which brings about overall development of the economy.
Transportation services are included in chapter 11 of GATS classification. They are further classified into: maritime transportation services, internal waterways transport, air transport services, space transport, rail transport services, road transport services, pipeline transport, and services auxiliary to all modes of transportation. Though eight sectors are included under the GATS, only maritime transportation service is the main focus of the negotiations. Maritime transportation is just one mode of transport which picks up cargo from one port in a country to a port in another country. From the port the cargo needs to be carried to the inland destination either through road, rail, inland waterways or through air ways or combination of these unimodal transport system to make the transaction complete. With the advancement in transport technology, containerisation came into being. Containerisation simply means the transport of goods in a standard unified box, from point of origin to point of destination without break over the entire range of transport system involved that is through sea, road, rail, air, to reach the final destination. The rapid expansion of multimodal transport operations brings domestic and international transport closer to each other by linking them together