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LESSON 18:
INDIA AND WTO
India & the World Trade Organization
India is a founder member of the General Agreement on
Tariffs and Trade (GATT) 1947 and its successor, the World
Trade Organization (WTO), which came into effect on 1.1.95
after the conclusion of the Uruguay Round (UR) of Multilateral
Trade Negotiations. Indias participation in an increasingly rule
based system in the governance of international trade is to
ensure more stability and predictability, which ultimately would
lead to more trade and prosperity for itself and the 134 other
nations which now comprise the WTO. India also
automatically avails of MFN and national treatment for its
exports to all WTO Members.
i.
ii.
Trade Facilitation.
60
Industrial Tariffs
c
d
11.389
11.389
61
62
11.389
Notes :
11.389
63