Specify any four advantages that India will gain

international-trade
cbse

#1

Specify any four advantages that India will gain after becoming the founder member of WTO.


#2

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.