WTO & Trade
World Organizations · WTO और व्यापार
📋Quick Overview
Key facts about WTO & Trade for RRB NTPC, SSC CGL, and other competitive exams. These are frequently asked in the GK section and mastering them ensures easy marks.
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WTO — World Trade Organization — Geneva, Switzerland — est. 1 Jan 1995
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Replaced — GATT (1947) — General Agreement on Tariffs and Trade
📖WTO & Trade
| Item | Detail | Key Fact |
|---|---|---|
| WTO | World Trade Organization | Geneva, Switzerland — est. 1 Jan 1995 |
| Replaced | GATT (1947) | General Agreement on Tariffs and Trade |
| Members | 164 countries | India is founding member (since 1 Jan 1995) |
| Director-General | Ngozi Okonjo-Iweala | Nigeria — first woman & African DG (2021) |
| Dispute Settlement | DSB | Settles trade disputes between member nations |
| TRIPS | Trade-Related IP Rights | Intellectual property rules under WTO |
| MFN | Most Favoured Nation | Equal treatment to all WTO members |
| Doha Round | 2001 | Development-focused trade negotiations |
📝Key Points
- •WTO: World Trade Organization: Geneva, Switzerland — est. 1 Jan 1995
- •Replaced: GATT (1947): General Agreement on Tariffs and Trade
- •Members: 164 countries: India is founding member (since 1 Jan 1995)
- •Director-General: Ngozi Okonjo-Iweala: Nigeria — first woman & African DG (2021)
- •Dispute Settlement: DSB: Settles trade disputes between member nations
- •TRIPS: Trade-Related IP Rights: Intellectual property rules under WTO