Surabhi YadavAIR 14 · CSE 2025 · 158 wordsTheir whole copy
Opening
WTO established after GATT with India as founding member ensures free and fair trade in the global market.
Body · points
Challenges in current WTO Regime
- USA dominance - high voting power. → vetoed creation of resolution mechanism.
- lack of enforcement mechanism.
- Difficulty in handling Non-Tariff Measure → EU carbon Border Adjustment Mechanism.
- Similar application through all countries. → Historical realities unclear
- Granting china as Developing country status. challenged
Reforms needed
Address the Non-Tariff Measures → Sanitary & Phytosanitary Measure detailed guidelines.
Address USA → Tariff war challenge
Ensure historical challenges addressed - → India's peace clause demand
Extension of Moratorium to be revisited for the Advantage of Developing world.
Better integration of African Union → Impact → Inclusive growth
Fisheries agreement to be revisited
Close · a summary
WTO needs to strengthen Dispute Resolution Mech
WTO needs to strengthen itself to remain relevant. Multilateral institution & prevent MINILATERAL institutions from diluting its power.
1 more topper’s answer to this question, part by part, and how they all approached it: open the question.