World Trade Organisation | Globalisation & the Indian Economy

WORLD TRADE ORGANISATION We have seen that the liberalisation of rules regarding international trade, and sees that these rules are obeyed. foreign trade and investment in India was supported by some very powerful international organisations. These organisations say that all barriers to foreign trade and investment are 149 countries of the world are currently members of the WTO (2006). Though WTO is supposed to allow free trade for all, in practice, it is seen that the developed countries have unfairly retained trade barriers. On the other hand, WTO rules have forced harmful. There should be no barriers. Trade between countries should be 'free'. All countries in the world should liberalise their policies. World Trade Organisation (WTO) is one such organisation whose aim is to liberalise international trade. the developing countries to remove trade barriers. An example of this is the current debate on trade in Started at the initiative of the agricultural products. developed countries, WTO establishes