CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Trade Facilitation Agreement (TFA) in Goods of World Trade Organisation (WTO) came into effect with its ratification by two-thirds members of WTO including which country
A
Pakistan
B
China
C
Russia
D
India
Explanation: 

Detailed explanation-1: -WTO members concluded negotiations at the 2013 Bali Ministerial Conference on the Trade Facilitation Agreement (TFA), which entered into force on 22 February 2017 following its ratification by two-thirds of the WTO membership.

Detailed explanation-2: -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.

Detailed explanation-3: -The TFA entered into force on 22 February 2017 after two-thirds of the WTO membership completed their domestic ratification process.

Detailed explanation-4: -FTA came into force in January 2016.

There is 1 question to complete.