WTO, SAARC, BRICS

A dispute over an import duty on steel, a summit of neighbouring South Asian leaders, and a meeting of five large emerging economies discussing an alternative development bank — three very different events, but each is an example of countries choosing to act together rather than alone. This topic introduces the three groupings a law student most needs to recognise on sight.

In two minutes

The WTO, SAARC and BRICS are three different kinds of international economic grouping — a rules-based global trade organisation, a regional cooperation forum, and an emerging-economy coalition — and telling apart their purpose and membership logic is the whole point of this topic.

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