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 ?
Show answer
Answer: A. Statement 1 is correct: India ratified the Trade Facilitation Agreement in April 2016. Statement 2 is correct: the TFA was concluded at the WTO's Bali Ministerial Conference in December 2013 as part of the Bali Package. Statement 3 is wrong: the TFA came into force on 22 February 2017, after two-thirds of WTO members ratified it, not in January 2016. So 1 and 2 only.
Watch for: Watch for mixing up India's ratification year (2016) with the date the TFA came into force (2017).
Why the other options are wrong
- B. Wrong because the TFA came into force in February 2017, not January 2016.
- C. Wrong because statement 3 has the wrong date.
- D. Wrong because statement 3 is false.
Source to check: WTO website (wto.org), 'Trade Facilitation' page; Department of Commerce press release on India's ratification of the TFA, 2016
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.