Q. With reference to the WTO ministerial conference, consider the following statements:
Select the correct answer using the codes given below:
Q. With reference to the WTO ministerial conference, consider the following statements:
Select the correct answer using the codes given below:
The correct option is C 1 and 3 only
Explanation:
Statement 1 is correct: The World Trade Organization (WTO) Ministerial Conference, which is attended by trade ministers and other senior officials from the organization’s 164 members, is the highest decision-making body of the WTO.
Statement 2 is incorrect: Under the Marrakesh Agreement establishing the WTO, the Ministerial Conference is to meet at least once every two years.
Statement 3 is correct: On 1st March 2021, WTO announced that WTO members agreed to convene the Twelfth Ministerial Conference (MC12) during the week of 29 November 2021 in Geneva, Switzerland. The dates were subsequently set for 30 November-3 December 2021.
Explanation:
Statement 1 is correct: The World Trade Organization (WTO) Ministerial Conference, which is attended by trade ministers and other senior officials from the organization’s 164 members, is the highest decision-making body of the WTO.
Statement 2 is incorrect: Under the Marrakesh Agreement establishing the WTO, the Ministerial Conference is to meet at least once every two years.
Statement 3 is correct: On 1st March 2021, WTO announced that WTO members agreed to convene the Twelfth Ministerial Conference (MC12) during the week of 29 November 2021 in Geneva, Switzerland. The dates were subsequently set for 30 November-3 December 2021.
