New Enroll in RBI Grade B New Batch - Starts on May 21

    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?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C I and II only Correct Answer Incorrect Answer
    D I and III only Correct Answer Incorrect Answer
    E III only Correct Answer Incorrect Answer

    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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