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Question
Which one of the following does not constitute a part of the jurisdiction of WTO?
Which one of the following does not constitute a part of the jurisdiction of WTO?
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Solution
The correct option is B Regional trade agreements
Regional Trade Agreement: Organisations that wield together countries in
a given part of the world, trying to remove the barriers that inhibit
trade among them and increase trade of the member countries with the
rest of the world. An economic coalition among countries within a
geographical region, usually characterised by liberalised internal trade
and uniform restrictions on external trade designed to promote regional
economic integration and growth.
Regional Trade Agreement: Organisations that wield together countries in a given part of the world, trying to remove the barriers that inhibit trade among them and increase trade of the member countries with the rest of the world. An economic coalition among countries within a geographical region, usually characterised by liberalised internal trade and uniform restrictions on external trade designed to promote regional economic integration and growth.
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