BBA-205 Unit-5 Business Environment
Benefits of WTO Membership for India

The World Trade Organization strives for free trade by requiring its members to make international commitments on access to goods and services markets, the use of economic policy tools impacting trade, and
governmental support for agriculture.

The following are the Benefits of WTO membership for India:

  • Most preferred nation treatment, which means equitable access for all WTO Members’ organizations to all WTO Members’ markets.
  • National treatment that prevents domestic manufacturers from having a competitive edge over importers.
  • Reduced trade obstacles, notably tariffs and quantitative limits, allowing for more commerce among members.
  • International trade predictability and transparency – WTO members have bound their tariffs and cannot, except for good reason, impose additional import restrictions such as bans or quotas.
  • Increased competitiveness through reducing unfair trade practices between trading partners, particularly export subsidies and dumping.