The World Trade Organization (WTO) was established to oversee global trade agreements and rules between member countries. As the successor to GATT, the WTO promotes free trade to reduce costs and increase economic growth worldwide. India is one of the founding members of the WTO and has played an important role in shaping major trade policies. India's increasing participation in international trade is believed to lead to greater prosperity globally. The WTO helps resolve trade disputes between countries like India and its trading partners. India has also pushed for multilateral trade deals within the WTO framework to liberalize trade and strengthen the trading system.

1. Indian and The World Trade Organisation
Established as a successor to General Agreement in Trade and Tariffs (GATT), the main
function of WTO is to deal with the rules of trade between member countries at the
global platform. Wherein all the member nations are bound to follow trade agreement as
decided by the WTO.
Role
a) WTO helps in the promotion of prosperity across the globe.
b) It promotes free trade which reduces the cost of living & investment of household
income.
c) Its rule & regulation bring about discipline in trade in trade & commerce, thus in the
acceleration of economic growth across the globe.
India's Role
Being one of the founding members of WTO along with more than 130 nations, India has
played a very important role in the formulation of major trade policies. It is believed that
India's increasing participation in the International Trade would lead to better prosperity
in the global context. Till now various trade disputes of India with other countries have
been settled through WTO. Also India has urged member countries to get multilateral
trade deal done within the mandates of the WTO, not only for the trade liberalization but
also for the credibility of the trading system.
Important from examination point of view:
i) Shot Note - WHO
ii) Structure & Function of WTO, India's role and initiatives.
iii) 2008-09 - M-PII-6(a)
"In the WTO negotiations over the years of the DOHA round. India appears to be diluting
its stand on agricultural issues to pursue perceived gains in services" Critically examine.
Copyright © www.vvrias.com
::: ADMISSION OPEN :::
GS / CSAT Complete Intensive Main cum
PT Regular & Weekend
Batches Begin From 28th September,
2012.

2. Public Administration (Foundation Course) Under
the Guidance of Srikant Bhagat. (Director,
Royal IAS)
Sociology (Foundation Course) Under the
Guidance of P.K. Pandey. (Director, Daksh IAS)
Batches Begin From Last Week of September
2012