Revival of WTO Dispute Resolution Mechanism

August 24, 2023

GS Paper III Indian Economy

Context:

India is seeking re-establishment of the dysfunctional dispute resolution mechanism under the World Trade Organisation (WTO).

More about the news:

This move is guided by the principle of common but differentiated responsibility along with a push towards consensus-based decision making.

photo 2023 08 24 23 42 29

World Trade Organization (WTO):

The WTO is the only global international organization dealing with the rules of trade between nations as well as maintaining the free flow of trade between its member countries.
Origin: WTO is an international organization set up in 1995 by replacing the General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement.
Headquarters: Geneva, Switzerland
Member Countries: WTO has 164 members and India is a founding member of WTO.

Dispute Settlement Mechanism under WTO

News Source: Indian Express

To get PDF version, Please click on "Print PDF" button.

Recent Post
Most Viewed Post

Restructuring of National Testing Agency (NTA)

Bank Credit to Women Self-Help Groups

WHO-GARDP Report on Antibiotic Shortages

Assam Bird Sanctuary

New Undersea Cables to Boost India’s Digital Connectiv...

NATIONAL Commission for Women (NCW)

Social Stock Exchange

Data Point

Arsenic and Fluoride In Groundwater

WHO Launches ICD 11 – A Traditional Medicine Module 2:...

Prime- Minister’s Egypt State Visit

Drug Controller General of India

Recent Editorial

Improving the Capability of the Indian State

Reforming Agriculture Marketing

Why India needs to Relook its Strategy to Revive M...

On India-China Talks, Ties

The Resilience of Democracy

Should Legislatures in India have Fixed Tenures?

Popular current affairs

Restructuring of National Testing Agency (NTA)

Bank Credit to Women Self-Help Groups

WHO-GARDP Report on Antibiotic Shortages

Assam Bird Sanctuary

New Undersea Cables to Boost India’s Digital...

NATIONAL Commission for Women (NCW)

Our Courses

Our Courses

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

Contact Details

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

Follow Us:

Contact Details

Download Our App