Phase IFoundation
Background
Overview
India's trade policy often balances free trade principles with protectionist measures for specific sectors. Understanding protectionism is vital for analyzing global trade relations, WTO disputes, and the impact on India's economy and foreign policy.
Unilateral trade measures are actions taken by a single country to restrict or promote trade, often without multilateral agreement. These measures, such as tariffs, can conflict with established international trade principles enshrined by organizations like the World Trade Organization (WTO), which advocate for non-discrimination, free, and fair trade.