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 only ✓ UPSC's answer
- (b) 1 and 3 only
- (c) 2 and 3 only
- (d) 1, 2 and 3
Why the answer is (a)
• The Trade Facilitation Agreement, which simplifies customs procedures, was concluded as part of the WTO's Bali Ministerial Package in December 2013 (statement 2).
• India ratified it in April 2016 (statement 1).
• Statement 3 is wrong: the TFA entered into force on 22 February 2017, when two-thirds of members had ratified it, not January 2016.
• Hence 1 and 2 only, option (a).
Why the other options are wrong
- (b) 1 and 3 only
- Statement 3 is wrong: TFA came into force in February 2017.
- (c) 2 and 3 only
- Statement 3 is wrong; statement 1 is correct.
- (d) 1, 2 and 3
- Statement 3 is wrong.
Asked in the GS Paper I of the UPSC Civil Services Preliminary Examination 2017, held on 18 June 2017. Question and answer key: Union Public Service Commission. Explanation: UPSC Answer Check.