Question

Consider the following statements about Trade Facilitating Agreement:
$1$. This agreement is associated with the Uruguay round of WTO.
$2$. It is aimed at facilitating smooth movement of goods across borders.
Which of the given statements is/are correct?

• A. $1$ only
• B. $2$ only
• C. $1$ and $2$
• D. Neither $1$ nor $2$

Answer 1

The correct option is B $2$ only

The TFA would necessitate simplification of border management procedures and adoption of new transparency measures, all of which are expected to reduce the transaction cost of imports and exports and facilitate smooth movement of goods across borders. It is associated with Doha round of WTO.