Q27) The 9th ministerial conference of WTO in Bali is very important because of the signing of
A
a) Special products and special safeguards mechanisms
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B
b) Trade facilitation agreement
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C
c) Both
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D
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