Multilateral Regulation of Trade


After reading this chapter, you should be able to:

  • Understand the institutional framework of the multilateral trade environment
  • Comprehend the objectives, institutional framework, and functioning of the WTO
  • Explain the need for UNCTAD as a multilateral trading institution


India and the US are at loggerheads in the trade arena and have chosen the WTO’s dispute settlement mechanism to fight out various trade related issues.

The US has complaints about India’s export-related subsidies. These are in the context of five specific schemes: export-oriented units scheme and sector-specific schemes including electronics hardware technology parks scheme, the merchandise ...

Get Fundamentals of International Business now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.