What benefits have the Indian companies obtained from the WTO? – InterviewSolution

1.

What benefits have the Indian companies obtained from the WTO?

Answer»

Explanation:

The WTO's global system lowers trade barriers through negotiation and applies the principle of non-discrimination. The result is reduced COSTS of production (because IMPORTS used in production are cheaper) and reduced prices of FINISHED GOODS and services, and ultimately a lower cost of living.

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