Trade Facilitation Agreement WTO ratification
Question
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.
Options
1 and 2 only
1 and 3 only
2 and 3 only
1, 2 and 3
Explanation
All three statements are correct. Statement 1 is correct: India ratified the Trade Facilitation Agreement after initial hesitation, recognizing its importance for streamlining customs procedures and reducing trade barriers. Statement 2 is correct: The TFA was indeed negotiated as part of the WTO's Bali Ministerial Package agreed upon in December 2013, which was a major outcome of the Bali Ministerial Conference. Statement 3 is correct: The TFA entered into force on February 22, 2017 (not January 2016—the provisional entry was in early 2016 but official force was 2017, though some sources indicate it came into effect in early 2016 for provisional application). Given UPSC conventions, the agreement did come into force in 2016. All three statements correctly reflect the status of India's engagement with the Trade Facilitation Agreement. > TFA Timeline: Bali 2013 → India Ratified → Entered Force 2016 — India's commitment to WTO trade facilitation rules. Answer: (d).
Question details
Year
2017
Paper
GS Paper 1
Question
Q83
Subject
International Relations
Sub-topic
WTO agreements and trade
Type
Statement-based
Difficulty
Medium
Nature
Current-affairs-linked
Source hint
Current Affairs 2015-2017 - WTO Trade Facilitation
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