7. India is an original Member of the WTO and provides MFN treatment to all Members and
other trading partners. It accepted the Fourth and Fifth Protocols of the GATS. India is a strong
advocate of the multilateral trading system and has historically been party to few regional trade
agreements. However, despite India's reservations, regionalism has increasingly become an
element of its overall trade policy objective of enhanced market access for its exports. This is
evidenced by the 15 agreements currently in force and its involvement in the negotiation of other
agreements.