Question

The Bali Ministerial Declaration and the ministerial decisions that were adopted on 7th December, 2013 contained several issues. Which of the following are related to the Least-Developed Countries?
1. Preferential Rules of Origin for Least-Developed Countries
2. Operationalization of the Waiver Concerning Preferential Treatment to Services
3. Duty-Free and Quota-Free (DFQF) Market Access for Least-Developed Countries
Select the correct answer using the code given below.

• A. 1, 2 and 3
• B. 1 and 2 only
• C. 1 and 3 only
• D. 2 and 3 only

Answer 1

The correct option is A 1, 2 and 3

Bali Ministerial Declaration was the result of $9^{th}$ Ministerial Conference of the WTO held in Bali in 2013. It is a trade agreement aimed at lowering global trade barriers and is the first agreement reached through the WTO that is approved by all its members. Some of the decisions were as below:

1. Preferential Rules of Origin for Least-Developed Countries
   
2. Operationalization of the Waiver Concerning Preferential Treatment to Services and Service Suppliers of Least-Developed Countries
   
3. Duty-Free Quota-Free (DFQF) Market Access for Least-Developed Countries
   
4. Monitoring Mechanism on Special and Differential Treatment.