CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

The WTO follows the principle of ‘Self Selection’ which means-


  1. Countries themselves decide whether they want to be in developed or developing categories

  2. Countries decide to which agreement they want to be party.

  3. All of the above

  4. Countries decide the rate of tariff and tariff reduction


Solution

The correct option is A

Countries themselves decide whether they want to be in developed or developing categories


Countries themselves decide whether they want to be in developed or developing categories. There are no WTO definitions of developed or developing countries. Developing countries in the WTO are designated on the basis of self- selection although this is not necessarily automatically accepted in all WTO bodies.

flag
 Suggest corrections
thumbs-up
 
0 Upvotes



footer-image