{"id":146469,"date":"2022-05-23T17:35:22","date_gmt":"2022-05-23T12:05:22","guid":{"rendered":"https:\/\/www.caravanalive.com\/?p=146469"},"modified":"2022-05-23T19:43:07","modified_gmt":"2022-05-23T14:13:07","slug":"world-trade-organization-dealing-with-rules-for-global-trade-is-wto-a-friend-or-foe-of-india","status":"publish","type":"post","link":"https:\/\/www.caravanalive.com\/?p=146469","title":{"rendered":"World Trade Organization Dealing With Rules For Global Trade: \u201cIs WTO A Friend Or Foe Of India?&#8221;"},"content":{"rendered":"<div class=\"2a6a8c3593e6620bd92d71f585bdd19b\" data-index=\"4\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6453632170035383\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- NEW RESPONSIVE -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6453632170035383\"\r\n     data-ad-slot=\"2960496911\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p style=\"text-align: left\">India is among the prominent members of WTO and is essentially seen as the leader of the developing and underdeveloped world. At WTO, decisions are taken by consensus. So there&#8217;s a bleak possibility that anything severely unfavorable to India\u2019s interest is unilaterally imposed. India stands to realize from different issues being negotiated within the forum provided it engages with different interest groups constructively, while safeguarding its developmental concerns.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/st.adda247.com\/https:\/\/wpassets.adda247.com\/wp-content\/uploads\/multisite\/sites\/5\/2021\/01\/11084041\/Indias-7th-Trade-Policy-Review-WTO-Lauds-Efforts-to-Improve.jpg\" alt=\"India's 7th Trade Policy Review (TPR) at WTO\" \/><\/p>\n<p>In the absence of such a body, we stand to lose a platform through which we will mobilize the opinion of like-minded countries against the selfish designs of the west. because of the vast resources of developed countries they&#8217;ll easily win smaller countries to their side. it is also a dispute settlement platform where disputes among different nations related to trade are resolved so that a smooth flow of goods and services can be ensured.\u00a0 WTO provides a forum for such developing countries to unite and pressurize developed countries to form trade sweeter for poor countries. it also safeguards the interest of minority country or developing or underdeveloped country.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/akm-img-a-in.tosshub.com\/indiatoday\/images\/story\/201501\/wto-russia_650_010915122528.jpg?size=1200:675\" alt=\"WTO mini-Ministerial meet to be held at Davos - Education Today News\" \/><\/p>\n<p>Accordingly, as far as India&#8217;s stand is concerned,pIndia remains committed to numerous developmental issues like the Doha Development Agenda, Special Safeguard Mechanism, Permanent solution to the issue of public stock holding, etc.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/akm-img-a-in.tosshub.com\/businesstoday\/images\/story\/201501\/wto-1_660_121214010720_013115123908.jpg?size=1200:675\" alt=\"US strengthens trade engagement with India - BusinessToday\" \/><\/p>\n<p>Apart from this, the Dispute Resolution Mechanism of WTO is very efficient. Chronological lists of cases in WTO are often accessed here. Countries drag their trading partner to the present body when the action of 1 country is seemed to be unfair and violative of any WTO agreement, by other countries.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>India is among the prominent members of WTO and is essentially seen as the leader of the developing and underdeveloped world. At WTO, decisions are taken by consensus. So there&#8217;s a bleak possibility that anything severely unfavorable to India\u2019s interest is unilaterally imposed. India stands to realize from different issues being negotiated within the forum [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":146559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[{"category_id":36,"category_link":"https:\/\/www.caravanalive.com\/?cat=36","category_name":"Article"},{"category_id":156,"category_link":"https:\/\/www.caravanalive.com\/?cat=156","category_name":"India"}],"tags":[{"tag_id":4788,"tag_link":"https:\/\/www.caravanalive.com\/?tag=global-organisation","tag_name":"Global organisation"},{"tag_id":440,"tag_link":"https:\/\/www.caravanalive.com\/?tag=india","tag_name":"India"},{"tag_id":4789,"tag_link":"https:\/\/www.caravanalive.com\/?tag=world-trade","tag_name":"world trade"},{"tag_id":4787,"tag_link":"https:\/\/www.caravanalive.com\/?tag=wto","tag_name":"WTO"}],"class_list":["post-146469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-india","tag-global-organisation","tag-india","tag-world-trade","tag-wto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World Trade Organization Dealing With Rules For Global Trade: \u201cIs WTO A Friend Or Foe Of India?&quot; - Alive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caravanalive.com\/?p=146469\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Trade Organization Dealing With Rules For Global Trade: \u201cIs WTO A Friend Or Foe Of India?&quot; - Alive\" \/>\n<meta property=\"og:description\" content=\"India is among the prominent members of WTO and is essentially seen as the leader of the developing and underdeveloped world. 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