The document discusses international trade, the World Trade Organization (WTO), and India's involvement with the WTO. It provides background on international trade and why countries participate. It then discusses the formation of the WTO due to issues with the General Agreement on Tariffs and Trade (GATT), the principles and functions of the WTO, and India's commitments and benefits of WTO membership.

13. Organizational Structure MINISTERIAL COUNCIL GENERAL COUNCIL GOODS COUNCIL SERVICES COUNCIL TRIPS COUNCIL

16. Tariff Lines “ It is when a country ‘binds’ a tariff rate by committing that it will not raise tariff on that product beyond the ‘bound’ level.”