WTO – Nairobi Conference: An Analysis
The Nairobi Conference of the World Trade Organization WTO was recently concluded. Though the Nairobi Package was lauded as a “historic agreement”, there has been mixed reactions about the final outcome, especially from the developing nations.
World Trade Organization WTO and the negotiations on agriculture has become a very important topic that is highly relevant to the UPSC exams. The questions surrounding these topics can be asked in GS-II and in Essay. Factual details and names of various agreements can easily make an appearance in the Prelims as well.
In this lecture we will outline the history of WTO and understand what led to the present scenario in the WTO negotiations. We will detail out why the developed and developing nations are finding it increasingly difficult to utilize the opportunity afforded by an organization like WTO to advance our collective interests. Finally, we will critically examine the outcomes of the negotiations and see what is the future for the WTO, and especially what should be India’s role going forward.
All that you need to know about the WTO, the recent developments, the justifications, the criticisms, and the conceptual approach to analyzing such details are explained lucidly in the lecture.