| (I) As per the MFN principle of the WTO General Agreement on Tariffs and Trade for which India is a signatory or contracting party, WTO said all members should treat others as MFN trading partners. MFN status was accorded to Pakistan in 1996 as per India's commitment to WTO. |
| (II) Pakistan did not reciprocate citing non-tariff barriers and huge trade imbalance |
| (III) India could consider making use of a 'security exception' clause - Article 21(b) (iii) - in the GATT to deny the MFN status to Pakistan or bring in certain trade restrictions. |
A) I and II
B) I, II and III
C) II and II
D) None of the above.
Correct Answer: B
Solution :
All of the above, I, II and III
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