General Agreement On Tariffs And Trade General Agreement On Tariffs And Trade
Study guide for General Agreement On Tariffs And Trade under External Sector International Organizations for UPSC Civil Services Preparation. Study guide for General Agreement On Tariffs And Trade under External Sector International Organizations for UPSC Civil Services Preparation.
General Agreement On Tariffs And Trade
The General Agreement on Tariffs and Trade (GATT) was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. Operating from 1948 until 1995, it functioned as a provisional multilateral treaty rather than a formal international organization until it was replaced by the World Trade Organization (WTO).
Importance in UPSCUPSC में महत्व
GATT forms the foundational backbone of the global trading architecture in the Indian Economy syllabus (External Sector & International Organizations). UPSC frequently tests the evolution from GATT to WTO, India's historical stance during the Uruguay Round, and core principles like MFN and National Treatment.
Learning Outcomesसीखने के परिणाम
- Master foundational concepts and mechanisms of General Agreement On Tariffs And Trade.
- Evaluate spatial distribution, institutional frameworks, and policy dimensions.
- Apply high-yield mnemonics to solve tricky Prelims and Mains questions.
Prerequisitesआवश्यक शर्तें
- Basic International Economics
- Balance of Payments (BoP)
- Basics of International Trade Theory