Current Affairs Question - 18 February 2021


International International Institutions, Agencies & Fora

World Trade Organisation


Consider the following statements with reference to the World Trade Organisation(WTO):

  1. The Uruguay Round, conducted from 1987 to 1994, culminated in the Marrakesh Agreement, which established the World Trade Organization (WTO).
  2. The highest authority of the WTO is the Ministerial Conference, which must meet at least every two years.
  3. India has been a member of the WTO since January 1995 and also had been a member of the WTO’s forerunner General Agreement on Tariffs and Trade (GATT) since July 1948.

Choose the correct statement(s) from the options given below:

A
1 and 2
B
Only 3
C
2 and 3
D
1, 2 and 3

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