Q27) The 9th ministerial conference of WTO in Bali is very important because of the signing of

a) Special products and special safeguards mechanisms

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b) Trade facilitation agreement

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c) Both

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d) None

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Solution

The correct option is B
b) Trade facilitation agreement

Ans 27: B

Explanation: Trade facilitation agreement (TFA) is a trade protocol aiming to give a spur and do away with the stumbling blocks in
doing international trade between various countries. • The deadline to sign the agreement is July 31 and the deal has to come into
force fully by 2015

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