| Consider the following statements: |
| 1. India has ratified the Trade Facilitation Agreement (TFA) of WTO. |
| 2. TFA is a part of WTO's Bali Ministerial Package of 2013. |
| 3. TFA came into force in January, 2016. |
| Which of the statements given above is/are correct? |
A) 1 and 2
B) 1 and 3
C) 2 and 3
D) 1, 2 and 3
Correct Answer: A
Solution :
Exp. [a] WTO members concluded negotiations at the 2013 Bali Ministerial Conference on the landmark Trade Facilitation Agreement (TFA), which entered into force on February 22, 2017 following its ratification by two-thirds of the WTO membership. India has ratified the Trade Facilitation Agreement (TFA) of the World Trade Agreement (WTO) and the instrument of Acceptance for Trade Facilitation Agreement was handed over to WTO Director-General by India on April 22, 2016.
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