What is in a trade agreement?

Trade agreements between nations will consist of measures to boost trade between the signatory nations. It will contain measures to remove trade barriers, investment guarantees, items that will be traded, reduction or elimination of quotas, tariffs etc. You can read about the WTO – World Trade Organization – History, Functions, Conferences, Dispute Settlement in the given link.

The common trade agreements signed between nations are free trade agreements and preferential trade agreements. 

Further readings:

  1. India and the WTO – An Overview of Latest Developments
  2. India – US Trade Relations: RSTV – Big Picture Analysis for UPSC IAS exam

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