gs1medium

Consider the following statements:

  1. 1.India has ratified the Trade Facilitation Agreement (TFA) of WTO.
  2. 2.TFA is a part of WTO’s Bali Ministerial Package of
  3. 3.TFA came into force in January

2013.

2016.

Which of the statements given above are correct?

  1. A.1 and 2 only
  2. B.1 and 3 only
  3. C.2 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: A. 1 and 2 only

India has indeed ratified the Trade Facilitation Agreement (TFA) as part of its commitment to streamlining international trade procedures. The TFA was a key outcome of the WTO's Ninth Ministerial Conference held in Bali in 2013. It officially entered into force on February 22, 2017, after being accepted by two-thirds of the WTO membership. Therefore, statements 1 and 2 are correct, while statement 3 is incorrect regarding the entry into force date.

Source: UPSC gs1 2017

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