India calls for development-oriented WTO reforms at 8th Trade Policy Review
UPSC / SSC current affairs note · Economy
International RelationsEconomy
Why in news
India concluded its 8th Trade Policy Review at the WTO, reaffirming commitment to transparent trade policies and calling for development-oriented reforms. The review highlights India's domestic tariff and customs simplification measures.
Background
The WTO Trade Policy Review is a periodic exercise to examine members' trade and related policies. India's previous review was in 2015.
Key facts
in5points
India concluded its 8th Trade Policy Review at the WTO.
India reaffirmed commitment to transparent, WTO-consistent trade policies.
India called for development-oriented WTO reforms.
India highlighted its tariff and customs simplification measures.
The review is part of WTO's regular monitoring of members' trade policies.
Prelims pointers
- WTO Trade Policy Review
- 8th Review for India
- Development-oriented reforms
Mains angles
- Discuss India's stance on WTO reforms and its implications for developing countries.
- Critically examine the role of WTO in promoting fair trade and development.