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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 (b) 1 and 3 only (c) 2 and 3 only (d) 1, 2 and 3

Answer (a)Bureaucratic's delays and “red tape” pose of a burden for moving goods across borders for traders. Trade facilitation—the simplification, modernization and harmonization of export and import processes—has therefore emerged as an import...Read more

‘Broad-based Trade and Investment Agreement (BTIA)’ is sometimes seen in the news in the context of negotiations held between India and 1., European Union 2., Gulf Cooperation Council 3., Organization for Economic Cooperation and Development 4., Shanghai Cooperation Organization

Answer (a)India is negotiating a Broad-based Bilateral Trade and Investment Agreement (India-EU BTIA) with the European Union's. The negotiation started in 2007 and sixteen rounds of negotiation have been held so far. However, there has been no agreement reached i...Read more