Phase IFoundation
Background
Overview
Essential for understanding global economic governance, India's foreign trade policy, its engagement with regional blocs, and the challenges of integrating into the global economy. Relevant for GS2 (International Relations) and GS3 (Indian Economy).
International trade agreements are treaties between two or more countries designed to reduce barriers to trade and foster economic cooperation. These agreements establish rules for trade in goods and services, investment, and intellectual property, aiming to create a more predictable and open trading environment while often involving complex negotiations.