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Mini Chapters | Economics | India | Volume 14 Issue 2, February 2025 | Popularity: 4.6 / 10
An Evolutionary Multilateral (BRICS) Trading to Improve Welfare in India
Dr. Nagesha
Abstract: The transformation of the of the multilateral trading system General Agreement on trade and Tariffs (GATT) to World Trade Organization (WTO) is truly historic and it lays down transparent basis of orderly world trade and the first attempt of evolutionary multilateral trading platform cutting across countries aimed at improved global trade and welfare gains for countries. It is broader than GATT both in terms coverage of areas extending beyond tariffs and non - tariffs to covering all trade related issues across one hundred and fifty odd countries more than two third are developing or emerging markets economics the rapid integration of the global economy increased inter dependence and larger dependence on mad required developing such a platform.
Keywords: global trade, multilateral trading, World Trade Organization, trade policies, economic integration
Edition: Volume 14 Issue 2, February 2025
Pages: 830 - 831
DOI: https://www.doi.org/10.21275/SR25210150951
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