TABLE OF CONTENTS 1. Introduction; a. Research Methodology; 2. India's Economic Reforms and Foreign Trade; 3. Import Licencing; a. Basic obligations under GATT; b. The Agreement on Import Licensing Procedures; c. Automatic import licensing; d. Non-automatic import licensing; e. Import licensing regime in India; f. Cases; 4. Customs Valuation; a. Background; b. WTO Agreement on Implementation of Article VII; c. Customs Valuation; d. India's Customs Valuation; e. Cases; 5. Export Subsidies; a. GAT1' Obligation; b. Agreement on Subsidies and Countervailing Measures; c. Export Subsidies; d. Export Subsidies and Developing Countries; e. Agriculture; f. Schemes followed in EU and US- examples; g. India- Schemes; h. Observations on Export Subsidies; 6. Conclusion; 7. Bibliography; 8. Annexes; a. India- QRs case- Import Licencing matters; b. Customs Valuation (Determination of Price of Imported Goods) Rules 2007.