Introduction The World Trade Organization (WTO) is the principal international institution governing global trade. Established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), the WTO was created to provide a structured and rules-based framework for international commerce. Its core objective is to promote free, fair, and predictable trade among…
Introduction International trade agreements are not merely economic documents; they reflect diplomatic priorities, political sensitivities, and strategic calculations. Recently, the United States revised the wording of its official communication related to an interim trade framework with India. This change — often described as “dilution of trade deal language” — may appear technical on the surface,…
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…
Introduction The World Trade Organization (WTO) is the backbone of the global trading system. Established in 1995 as a successor to the General Agreement on Tariffs and Trade (GATT), the WTO regulates international trade and provides a platform for countries to negotiate agreements, resolve disputes, and promote fair trade practices. In an increasingly globalized world,…