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In which year did India sign the World Trade Organization (WTO) Agreement and become a founding member of WTO?
1997
1995
1991
1993
1995
India became a founding member of the World Trade Organization (WTO) on January 1, 1995, following the signing of the Marrakesh Agreement. The WTO replaced the General Agreement on Tariffs and Trade (GATT), which had been in effect since 1948.
India became a founding member of the World Trade Organization (WTO) on January 1, 1995, following the signing of the Marrakesh Agreement. The WTO replaced the General Agreement on Tariffs and Trade (GATT), which had been in effect since 1948.
The WTO is headquartered in Geneva, Switzerland, and its operations are governed by the principle of Most-Favoured-Nation (MFN) treatment as outlined in its founding agreements.
The WTO was established following the conclusion of the Uruguay Round of trade negotiations (1986-1994).
India was a member of the predecessor organization, GATT, since 1948.
The WTO is the primary international organization dealing with the global rules of trade between nations.
The Marrakesh Agreement, signed in April 1994, provided the legal framework for the establishment of the WTO.
India's membership in the WTO is integral to its participation in the global economy and multilateral trade dispute settlements.
Option C (1991) is a common distractor, as it marks the year of India's Liberalization, Privatization, and Globalization (LPG) reforms, but not the formal inception of the WTO.
B is correct тАФ India officially joined the World Trade Organization as a founding member on January 1, 1995.
When studying WTO, always correlate it with the 'LPG Reforms of 1991' in Indian Economy, as the WTO was the global institutional outcome of the liberalized policies adopted by various nations during that era.
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