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Understanding WTO

The World Trade Organisation (WTO) is the institutional framework of the multilateral trading system. The WTO is the successor to the General Agreement on Tariffs and Trade (GATT). At its heart are the WTO agreements, negotiated and signed by the bulk of the worlds trading nations. These agreements provide the legal ground rules for international commerce. Considering the emerging multilateral trading systems, a WTO cell has been set up under the Market Research Division. The objectives of this initiative are primarily to enhance the capacity of the industry in understanding the dynamics of changing global trade scenario under WTO regime.

This is the first booklet on subject "understanding the WTO", from WTO cell. It provides a simple but comprehensive explanation of the fundamental concepts of WTO and is in the form of answers to commonly asked questions. I hope that this booklet will serve as a preliminary booklet on WTO related issues.