Specify any four advantages that India will gain after becoming the founder member of WTO.
The following advantages India will gain after becoming the founder member of WTO
(i) Boost Exports: India’s exports are likely to be boosted due to reduction of tarrifs on the product of export interest to India.
(ii) Policy Assistance: As a member of the WTO, India can get assistance from the International Trade Center in formulating and implementing export promotion programmes.
(iii) Trade Links: India has the advantage of having trade links with all others member countries.
(iv) Settlement of Disputes :WTO provides a forum for trade negotiations and settlement of disputes among member countries.