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Business Environment by A. C. Fernando

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48

INDIA AND THE WTO

In this chapter, we learn the emergence of World Trade Organization (WTO), its objectives, its core principles, its functions, its organizational structure, the Ministerial Conference, the dispute settlement mechanism, various WTO agreements, trade policy review mechanism, WTO and the MFN clause, WTO, IMF and the world bank, WTO and developing countries including India and finally the evaluation of WTO including criticisms and the benefits WTO brings to countries like India including certain implementation issues. After reading this chapter, we will be clearly able to understand the problems issues and benefits India encounters as a member country, vis-à-vis the WTO.

The World Trade Organization (WTO) is one amongst ...

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