Question Q.10GS2GS2
What are the key areas of reform if the World Trade Organization (WTO) has to remain relevant in the present context of protectionism and trade wars?
Main Body
World Trade Organization is a global trade body contributing in multilateral flow of trade by duty rules, etc. Keynote of Reforms in WTO:Abolition of trade subsidies eg: Amber box, Red box (burran and blue box, USA etc.)Non tariff barrier to trade issues eg: CPTPP of EU.Unilateral tariff changes by USA eg: Trump's policiesSPS (Sanitary and Phytosanitary) measures on IPR, etc.Productive mechanism for OMOs.
Way ahead:Negotiations on national tariffsTariff limitations on LDCs and EMDsSPS measure rationalization.
91 words1 paragraphs
Topper
SURAMYA SHARMA
AIR 3592025
Subject & Paper
GS2GS2
Topic
International Institutions, Agencies and Fora - Structure and Mandate
WTO and International Trade Governance
WTO Reform Agenda
Writing Stats
91
Total words
1
Paragraphs
analytical
Tone