May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 48: India and the WTO | 619 |
applied only to trade in goods although at the Uruguay Round trade
in services was discussed but no agreement could be reached on its
inclusion. The WTO deals in not only trade in goods and services,
but also trade-oriented aspects of intellectual property rights and a
number of related agreements.
OBJECTIVES
The Agreement entered into between the members establishing the
WTO lays down in its preamble the following objectives of the WTO:
(i) Its relations in trade and economics shall be conducted in a
manner so as to raise standards of living, ensure full employ-
ment and large and steadily growing volume of real income
and effective demand, and expand the production and trade in
goods and services. ...
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