Trade agreements are important because they help in economic growth, increase the GDP of the nation, help in production of high quality goods, businesses can access new markets, and it leads to increase in competition. You can read about the WTO – World Trade Organization – History, Functions, Conferences, Dispute Settlement in the given link.
Further readings:
- India and the WTO – An Overview of Latest Developments
- India – US Trade Relations: RSTV – Big Picture Analysis for UPSC IAS exam
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