16
World Trade Organization and Indian Economy
Archana S. Mathur
16.1 Introduction
India was one of the members of the General Agreement on Tariffs and Trade since 1948. India became one of the founding members of the World Trade Organization (WTO) since its inception in 1995, after signing of the Marrakesh Agreement. At present there are 153 members of the WTO. The aim is to participate in the WTO rule-based system, with greater stability, transparency and predictability in the governance of the international trade.
A number of agreements were signed with the objective to remove the trade distortions and promote free trade. Apart from the General Agreement on Tariffs and Trade 1995, 10 other agreements pertaining to trade in goods were signed. ...
Get The Indian Economy Since 1991, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
