World trade organization and corporate governance: Indian perspective

Abstract

World trade organisation (WTO) is principal international body concerned with solving trade problem between countries and provide a forum for multi- lateral trade negotiations. It falls under 3 categories GATT, GATS and TRIPS. Three types of trade barrier have been recognized by WTO agreement “ tariff, dumping and technical trade “Its main motive is to provide transparency so corporate governance has become a buzzword, with the thrust given to the globalization because the setting up of WTO corporate governance represents the ethical, moral and value framework. IN Indian context the need for corporate governance because of scams In India corporate scene must be able to induct global standards so that at least we can reduce the scope of scam. Good corporate governance, good government and good business go hand in hand.