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Question
India has trade relations with various countries across the world. Sometimes, countries follow policies that discriminate India in terms of trade.
In such cases, which of the following organisations has a decisive role to play by providing India with a solution?
India has trade relations with various countries across the world. Sometimes, countries follow policies that discriminate India in terms of trade.
In such cases, which of the following organisations has a decisive role to play by providing India with a solution?
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Solution
The correct option is B World Trade Organization
On 1 January 1995, the World Trade Organization was established with an objective to liberalise international trade and enforce free trade between countries. It operates a global system of trade rules and settles trade disputes between its members, and it supports the needs of developing countries. Member countries can approach the WTO in case of any disputes among them.
On 1 January 1995, the World Trade Organization was established with an objective to liberalise international trade and enforce free trade between countries. It operates a global system of trade rules and settles trade disputes between its members, and it supports the needs of developing countries. Member countries can approach the WTO in case of any disputes among them.
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