The multilateral trading system under WTO rules needs our help—here’s what we should do
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
The benefits of a fair, rules-based multilateral trade regime are evident in the economic prosperity it helps generate. The perils of protectionism and unilateralism are clear too. As trade principles get cast aside, people must recognize how it harms them.
Key Facts
Type Policy
Source Livemint - Opinion
Published Tuesday, 9 June 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
Merchandise exports: $437 billion (2024-25)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right