World Trade Organization (WTO) is constituted for facilitating the smoth conduct of International business. Several privileges are associated with its membership. Large number of countries of the world are the members of

World Trade Organization (WTO) has a crucial role to play in the international trade, global economics, political and legal issues arising in the international business because of the globalization. WTO has emerged as a world's most powerful institution for reducing trade related barriers between the countries and opening new markets. World Trade Organization is the only International governing body that replaces General Agreement on Tariffs and Trade (GATT) which was created in the year 1948. The goal of WTO is to provide a fair platform for its member countries to help in services like exports, imports and conduct their business in a peaceful manner. The advantage to the countries being members in the WTO is that that they lower trade related barriers among themselves. Contrary to this the countries which are not part of WTO must negotiate trade related agreements independently with their trading partners. Almost all the industrial and agriculture sectors have been affected by trade barriers between the countries. USA considered being a free trade country because of less number of trade barriers for importing, but still it has got many. Role of WTO in facilitating international business: WTO facilitates implementation, administration and smooth operations of trade agreements between the countries. It provides a forum for the trade negotiations between its member countries. Settlements of disputes between the member countries through the established rules and regulations. It cooperates with the IMF (International Monitory Fund) and World Bank in terms of cohesiveness in making global economic policies. Overall WTO was set up to play a very important role in the world economics though settling trade related disputes through rules, regulations and consensus based agreement mechanisms that would prevent trade related wars between powerful countries. Through resolving trade related disputed WTO has got the potential to maintain world peace and bilateral relations between its member countries thorough following negotiations, consultations and mediations. India is one of the prominent members of WTO and is largely seen as leader of developing and under developed world. At WTO, decisions are taken by consensus. So there is bleak possibility that anything severely unfavorable to India's interest can be unilaterally imposed. India stands to gain from different issues being negotiated in the forum provided it engages with different interest groups constructively, while safeguarding its developmental concerns. In absence of such a body we stand to lose a platform through which we can mobilize opinion of likeminded countries against selfish designs of west. Thanks to vast resources of developed countries they can easily win smaller countries to their side. WTO provides a forum for such developing countries to unite and pressurize developed countries to make trade sweeter for poor countries. Accordingly, India remains committed to various developmental issues such as Doha Development Agenda, Special Safeguard Mechanism, Permanent solution of issue of public stock holding etc. Apart from this, Dispute Resolution Mechanism of WTO is highly efficient. Countries drag their trading partner to this body when action of one country is perceived to be unfair and violative of any WTO agreement, by other country. Cases of Complaints against India India — Certain Measures Relating to Solar Cells and Solar Modules (Complainant: United States) India—Anti-Dumping Duties on USB Flash Drives from the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Complainant: Chinese Taipei) India—Measures Concerning the Importation of Certain Agricultural Products(Complainant: United States) India -Certain Taxes and Other Measures on Imported Wines and Spirits(Complainant: European Communities) Cases of Complaints by India: United States -Countervailing Measures on Certain Hot-Rolled Carbon Steel Flat Products from India (Complainant: India) Turkey—Safeguard measures on imports of cotton yarn (other than sewing thread) (Complainant: India) European Union and a Member State -Seizure of Generic Drugs in Transit(Complainant: India) Hence, WTO is a body which provides opportunity to aggrieved country to bring unfair trade practices to notice of Dispute Settlement body and to bring an end to such unfair practice. This dimension of WTO makes it a desirable and neutral body as it seeks to create a just global trading system. India has to continue its effort to prevent issues of developmental importance to be sidelined. Until this is done WTO cannot impinge upon sovereignty of India. India has already marked red line in sectors such as agriculture by making it clear that there is no scope of compromise on its positions. West has relentlessly tried to project India as rigid and uncompromising negotiator. However, these attributes are better suited to U.S. and other developed countries. They have been backtracking on various commitments under Doha Development Round and desperately trying to bring in new issues including Singapore issues. These issues are prejudicial to interests of majority of countries and vast majority of population. Consequently, majority of countries stand with India after failure of every meet.