
International Business Environment | 751
WTO is run by its governments. All major decisions are made by the membership
as a whole, either by ministers (who meet every two years) or by ocials (who
meet regularly in Geneva). Decisions are normally taken by consensus. The highest
authority is the Ministerial Conference which meets at least once in every two
years. More routine work is supervised by the General Council. Numerous other
councils, committees, working parties, and negotiating groups cover the wide
range of WTO issues.
WTO and India
India became a founder member of WTO by ratifying the WTO agreement on December
30, 1994. According to the ...