WTO Agreements – The Rulebook! 📚

WTO is not just one agreement. It's a bundle of agreements.

1. AoA (Agreement on Agriculture) 🌾

• Goal: Fair trade in farming.
• Controversy:
  • Rich countries (USA/EU) give huge subsidies to their farmers, making their wheat cheap.
  • Poor countries (India) want to protect their farmers.
  • India's Stand: "We need to give MSP (Minimum Support Price) to feed our poor. Don't stop us!"

2. TRIPS (Trade-Related Aspects of Intellectual Property Rights) 💡

• Goal: Protect Patents, Copyrights, Trademarks globally.
• Impact:
  • Good for Innovation (Pharma companies invest in R&D).
  • Bad for Poor: Medicines become expensive (No cheap copies allowed).
  • Compulsory Licensing: In emergencies (like Covid), govts can override patents.

3. GATS (General Agreement on Trade in Services) 👨‍💻

• Goal: Free trade in Services (Banking, IT, Tourism).
• India loves GATS: Because we export IT and people (Doctors/Engineers). We want other countries to open their doors to our professionals.

4. TRIMS (Trade-Related Investment Measures) 🏭

• Goal: Remove restrictions on foreign investment.
• Rule: You cannot force a foreign company to buy 100% local raw materials.

Quiz Time! 🎯

💡 Final Wisdom: "WTO Agreements shape the world. TRIPS decides the price of your medicine. AoA decides the price of your bread. GATS decides if you can get a job abroad." 🌍

🎉 CONGRATULATIONS! You have completed the entire Foreign Trade course! 🎓 From "What is Export" to "WTO Agreements", you are now a Global Trade Expert! 🚢✈️

Go conquer the world! 🌟