Vision IAS has released its weekly magazine India and World Trade Organization, Candidates can read this magazine for subject society, science, and technology.
Vision IAS Weekly Magazine India and World Trade Organization for UPSC Civil Services Mains Examination.
Vision IAS India and World Trade Organization: Vision IAS has released a weekly magazine India and the World Trade Organization on 3rd week of January 2021. Candidates can read this magazine for science and technology and society subjects.
India has proposed to renegotiate upper tariff limits on certain items at the World Trade Organization (WTO). This comes at a time when the WTO is facing internal and external turbulence in the form of crises faced by its appellate body, the emerging trend of deglobalisation and the compounding effect of COVID-19. This scenario presents itself both as a challenge and an opportunity for India.
But before we delve into the status of WTO and the prevalent stakes for India, it is important to understand what is WTO and what role is it supposed to play in global trade? Has WTO been successful in playing this envisaged role? How has India benefitted from the role played by WTO, what are the issues that remain unresolved and where does India stand on them? Going forward, what will drive the future of WTO and what steps can India take to safeguard its interests? In this edition, we will try to answer the aforesaid questions.