Question
Consider the following statements about the Trade
Facilitation Agreement (TFA): I. India has ratified the Trade Facilitation Agreement (TFA) of WTO. II. TFA is a part of WTO's Bali Ministerial Package of 2013. III. TFA came into force in January 2016. Which of the statements given above are correct?Solution
India ratified the Trade Facilitation Agreement of WTO in 2016. India is the 76th WTO member to accept the TFA. TFA was an outcome of the WTO's 9th Bali (Indonesia) Ministerial package of 2013. It came into force in February 2017.
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Consider the following statement:
(1) India buys Eighth position in terms of nominal Gross Domestic product among the world economy
(...
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