Contents

1. World Trade Organisation (WTO) 86

1.1. About WTO 86

1.2. History 86

1.3. Organisational structure 86

1.4. Principles of WTO 86

1.5. WTO Agreements 87

1.5.1. General Agreements on Trade in Services (GATS) 87

1.5.2. TRIPS 88

1.5.3. TRIMS 89

1.5.4. Agreement on agriculture 89

1.5.5. Sanitary and Phytosanitary Measures Agreement or SPS 90

1.5.6. The Technical Barriers to Trade Agreement (TBT) 90

1.6. Key Round of Negotiations Over the Years 90

1.6.1. Uruguay Round 90

1.6.2. Singapore ministerial meet 90

1.6.3. Doha Ministerial Meet 91

1.6.4. Bali Package 91

1.6.5. Nairobi Ministerial Conference 92

1.6.6. Bruno Aires conference 92

1.7. Threats to WTO 93

1.8. Relevance of WTO 93

2. IMF 94

2.1. About IMF 94

2.1.1. Purpose 94

2.1.2. IMF Governance 95

2.1.3. IMF Finances 95

2.2. Analysis of working of IMF 97

2.2.1. Achievement 97

2.2.2. Criticism 98

3. World Bank 98

3.1. About World Bank Group (WBG) 98

3.2. Goal 99

3.3. Membership and Organisation Structure 99

3.4. Achievements of World Bank 99

3.5. Issues with World Bank 100

3.6. Measures taken 100

3.7. Changes required in the approach of world bank 100

4. Previous Years GS Mains Questions 101

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