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GATT and the World Trade Organization

From GATT to WTO: The Uruguay Round and Global Trade Transformation

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Introduction International trade is the backbone of modern globalization, and its regulation has been one of the most significant challenges since the 20th century. Countries often face conflicts over tariffs, subsidies, and trade restrictions, which, if unresolved, can escalate into trade wars. To prevent such outcomes and promote a rules-based system of trade, global institutions…

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U.S. tariffs and reducing import dependency

India’s Export Dilemma: Tackling U.S. Tariffs and Reducing Import Dependency

Admin013 mins

Introduction In the globalized economy of the 21st century, international trade forms the backbone of economic growth for both developed and developing countries. For a country like India, which is steadily moving towards becoming the world’s third-largest economy, exports are not merely a source of foreign exchange but also a driver of industrial growth, employment…

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