CURRENT AFFAIRS

Detailed explanation-1: -India is the 76th WTO member to accept the TFA.

Detailed explanation-2: -Detailed Solution. The Trade Facilitation Agreement (TFA) was one among the 10 agreements of the deal the WTO members (including India) had agreed upon in December 2013 Bali Ministerial meeting. Hence statement 2 is correct.

Detailed explanation-3: -The Trade Facilitation Agreement (TFA) is a binding multilateral trade agreement between members of the World Trade Organization (WTO). The mission of the Global Alliance for Trade Facilitation is to support the implementation of this agreement which aims to make cross-border trade easier, faster and cheaper.