Consider the following statements: 1. India has ratified the Trade F

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?

1 and 2 only
1 and 3 only
2 and 3 only
1, 2 and 3
This question was previously asked in
UPSC IAS – 2017
Statements 1 and 2 are correct. India ratified the Trade Facilitation Agreement (TFA) of the WTO, and the TFA was indeed part of the WTO’s Bali Ministerial Package of 2013.
The WTO Trade Facilitation Agreement (TFA) aims to streamline and simplify customs procedures for the movement, release, and clearance of goods across borders.
Statement 3 is incorrect. The TFA entered into force on 22 February 2017, after two-thirds of WTO members formally accepted the agreement, not in January 2016.
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