Phase IFoundation
Background
Overview
Understanding the dynamics of international trade, the role of multilateral institutions like WTO, and the impact of protectionist policies on global and national economies is crucial for UPSC. It also highlights India's position on global trade governance.
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.