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This book is an attempt to understand the world trade organisation and its role and responsibility it plays in the world trade and the rules of trade as well as the important Agreements which were ratified by the member nations of the World Trade Organisation. Further this book contains the impact of the WTO as well as its set agreements on the various sectors of Indian Economy. In modern world International trade is a part and parcel of every individual human being as well as the business organisations; hence, there is an essentiality to know about the rules and regulations of the trade around the world. In modern days international trade has been improved with more innovative and new multi dimensional functions in the field of business with the effect of Liberalization, Privatization and Globalization. This book provides detailed information about the World trade organisation in its entirety and related areas with an understandable language and the concepts are presented with easy illustrations. In total this book is a master piece, which will give the elaborative understandings on the establishment of WTO also about the causes for establishment of the WTO as well as the usage of WTO with the effects of WTO and the working of WTO, WTO Dispute Settlement Mechanism and the Impact of WTO on Developing and Developed world economy including the measures taken by the WTO for the improvement of the International business.