India is one of the founding members of the World Trade Organization (WTO), which was established in 1995 to promote and regulate international trade. Since then, India has signed several agreements with the WTO to enhance its trade and economic relations with other member countries.
One of the most significant agreements signed by India with the WTO is the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement. This agreement aims to protect intellectual property rights such as patents, trademarks, and copyrights, and to ensure that member countries respect these rights.
India has also signed the General Agreement on Tariffs and Trade (GATT), which is a framework for the regulation of international trade. This agreement aims to reduce or eliminate tariffs on imported goods, thus promoting free trade between member countries.
Another important agreement signed by India with the WTO is the Agreement on Agriculture (AoA). This agreement aims to improve market access for agricultural products and to reduce trade barriers in the agricultural sector.
Additionally, India has signed the Agreement on Technical Barriers to Trade (TBT), which aims to ensure that technical regulations, standards, and conformity assessment procedures do not create unnecessary barriers to international trade.
India has also signed the Agreement on Sanitary and Phytosanitary Measures (SPS), which aims to ensure that food is safe for human consumption and that plant and animal health is protected.
Finally, India has signed the Agreement on Trade-Related Investment Measures (TRIMs), which aims to reduce trade barriers in the investment sector. This agreement prohibits member countries from imposing certain restrictions on foreign investment.
In conclusion, India has signed several agreements with the WTO to enhance its trade and economic relations with other member countries. These agreements aim to promote free trade and reduce trade barriers in various sectors such as agriculture, intellectual property, investment, and technical regulations.