2014 · Q51
Consider the following statements relating to the World Trade Organization (WTO) :
- 1The WTO deals with the global rules of trade between nations.
- 2The goal of the WTO is to help producers of goods and services, exporters, and importers conduct their business.
- 3The WTO, which is a successor body of the General Agreement on Tariffs and Trade, came into being following the Uruguay Round of Negotiations.
- 4The WTO distances itself in framing of rules on trade in intellectual property rights.
Which of the statements given above are correct?
General KnowledgeIndian Polity and Governance
- A1, 2 and 3
- B2, 3 and 4
- C1, 2 and 4
- D1 and 3 only
Explanation
The WTO sets global trade rules, aids traders and succeeded GATT after the Uruguay Round; TRIPS does cover intellectual property.