World Trade Organization World Trade Organization
Study guide for World Trade Organization under External Sector International Organizations for UPSC Civil Services Preparation. Study guide for World Trade Organization under External Sector International Organizations for UPSC Civil Services Preparation.
World Trade Organization
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations, established on January 1, 1995, by the Marrakesh Agreement replacing the General Agreement on Tariffs and Trade (GATT).
Importance in UPSCUPSC में महत्व
Crucial for UPSC CSE Prelims (core international institutions, agreements, dispute settlement mechanism, ministerial conferences) and Mains GS Paper II & III (bilateral/multilateral groupings, global economic governance, agriculture subsidies, and India's trade policy stands).
Learning Outcomesसीखने के परिणाम
- Master foundational concepts and mechanisms of World Trade Organization.
- Evaluate spatial distribution, institutional frameworks, and policy dimensions.
- Apply high-yield mnemonics to solve tricky Prelims and Mains questions.
Prerequisitesआवश्यक शर्तें
- Core foundational concepts of International Trade and Balance of Payments