CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country will make a presentation on the proposed Trade Facilitation in Services (TFS) Agreement to World Trade Organisation (WTO)
A
Singapore
B
Japan
C
Switzerland
D
India
Explanation: 

Detailed explanation-1: -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-2: -In 2013, members of the World Trade Organization (WTO) finalised negotiations of the WTO Trade Facilitation Agreement (TFA), which set multilateral rules that seek to address specific procedural hurdles in order to facilitate trade procedures.

Detailed explanation-3: -The WTO operates the global system of trade rules and helps developing countries build their trade capacity. It also provides a forum for its members to negotiate trade agreements and to resolve the trade problems they face with each other.

There is 1 question to complete.