Balance of Payments refers to the systematic and summary record of a country’s economic and financial transactions with the rest of the world, over a period of time....
Export promotion being a constant endeavour of the government, export performance is constantly monitored and export strategy and export policies are formulated. In the Foreign Trade Policy for...
Prior to 1947, India’s trade was a typical colonial trade, in which we used to supply raw materials to our colonial master and imported the manufactured goods. So,...
There are more or less 60 agreements which are administered by the WTO. However, there are six agreements which made the foundation of this multilateral organization as follows:...
There are more than different 60 agreements overseen by the WTO. Any country which is accessing to WTO must sign and ratify all WTO agreements. So, far we...
According to the WTO rules, the members can also temporarily depart from some of their basic WTO obligations in order to remedy a situation of unfair competition or...
The WTO’s Trade Policy Review Mechanism (TPRM) was a result of the Uruguay Round. With the creation of the WTO in 1995, it was made permanent and broadened...
The WTO is an inter-governmental organization for governments to negotiate global trade agreements and progressively liberalizing trade. Currently, WTO has 164 members. The WTO operates a system of...
International trade refers to exchange of capital, goods, and services across international borders. The main difference between the domestic trade and the international trade is of “cost of...
