The Bali Ministerial Declaration and the ministerial decisions that were adopted on 7 December 2013 contained several issues. Which of the following are related to the Least – Developed Countries? 1. Preferential Rules of Origin for Least – Developed Countries. 2. Operationalized of the Waiver Concerning Preferential Treatment to Services. 3. Duty – Free and Quota – Free (DFQF) Market Access for Least – Developed Countries. Select the correct answer using the code given below.

The correct answer is: A. 1, 2 and 3

The Bali Ministerial Declaration and the ministerial decisions that were adopted on 7 December 2013 contained several issues. Of these, the following are related to the Least Developed Countries (LDCs):

• Preferential Rules of Origin for Least Developed Countries: The Bali Ministerial Declaration agreed to establish a new set of preferential rules of origin for LDCs. These rules will make it easier for LDCs to export their products to developed countries.
• Operationalized of the Waiver Concerning Preferential Treatment to Services: The Bali Ministerial Declaration also agreed to operationalize the Waiver Concerning Preferential Treatment to Services. This waiver will allow LDCs to provide services in developed countries on a preferential basis.
• Duty – Free and Quota – Free (DFQF) Market Access for Least Developed Countries: The Bali Ministerial Declaration also agreed to provide DFQF market access for LDCs. This means that LDCs will be able to export their products to developed countries without having to pay any tariffs or quotas.

These measures are designed to help LDCs integrate into the global economy and to improve their economic development.