3. •INTRODUCTION
The World Trade Organization (WTO)
deals with the global rules of trade
between nations. It is an organization that
intends to supervise and liberalize
international trade.
The organization officially
commenced on January 1, 1995 under the
Marrakech Agreement replacing the
General Agreement on Tariffs and Trade
which commenced in 1948.
4. OBJECTIVES
To set and enforce rules for
international trade.
To provide a forum for
negotiating and monitoring
further trade liberalization.
To resolve trade disputes.
5. OBJECTIVES
To increase the transparency of
decision-making processes.
To cooperate with other major
international economic institutions
involved in global economic
management.
To help developing countries
benefit fully from the global trading
system
7. FUNCTIONS
To oversee implementing and
administering WTO agreements.
To provide a forum for negotiations.
To provide a dispute settlement
mechanism.
8. •
GENERAL AGREEMENT ON
MULTILATERAL AGREEMENTS ON
AGREEMENTS ON TRADE RELATED
TRADE IN ASPECTS OF
TRADE IN GOODS SERVICES INTELLECTUAL
PROPERTY RIGHTS
UNDERSTANDING
ON RULES AND
PROCEDURES PLURILATERAL TRADE POLICY
GOVERNING THE TRADE REVIEW
SETTLEMENT OF AGREEMENTS MECHANISM
DISPUTES
9. INDIA AND WTO
Basic Indicators
Population 1 241 492 Rank in Export Import
(thousands world trade,
, 2011) 2011
GDP 1 847 982 Merchandise 19 12
(million
current
US$, 2011
GDP 4 530 861 Excluding 13 8
(million intra EU trade
current
PPP US$,
2011)
Trade per 641 Commercial 8 7
capita services
(US$,
2009-2011)
Trade to 48.1 Excluding 5 5
GDP ratio intra EU trade
(2009-
2011)