The second session of the 7th Trade Policy Review (TPR) of India concluded at the World Trade Organization (WTO). This was the final session of the 7th trade policy review. Trade Policy Review is a key mechanism under the monitoring function of WTO. During this trade policy review, WTO examines the trade and related policies of the member countries with an aim to improve their adherence to WTO rules and to provide constructive feedback.
Important Points Trade Policy Review (TPR) of India:
- The official delegation of India for the 7th TPR was headed by Anup Wadhawan, the Commerce Secretary.
- The Commerce Secretary responded to all the issues rose by the Members during the 1st TPR session of India.
- The Commerce Secretary also urged the members to provide a permanent solution to Public Stock Holding (PSH) for food security.
- India is committed to simplify and streamline the overall domestic business environment and has an aim to make a place in the top 50 in the World Bank’s Doing Business Report.
- Before this, the last Trade Policy Review of India was held in the year 2015.
About World Trade Organization:
WTO is an organization that regulates international trade between countries. It was established in the year 1955 and is headquartered in Geneva, Switzerland. It has 164 members at present.