From the following statements relating to WTO agreements, choose the statements that are correct.
Statement I Diversity in technical regulations and industrial standards among countries leads to the introduction of Technical Barriers to Trade (TBT) Agreements.
Statement II The aim of WTO agreements on customs valuation is to ensure a fair, uniform and neutral system for the valuation of goods for customs purposes.
Statement III The agreement on Trade Related Investment Measures (TRIMs) applies only to measures that affect trade in goods.
A. Statements I and II are correct
B. Statement I is correct
C. Statements II and III are correct
D. All the statements are correct
Answer: Option D
Related Questions on Foreign Trade Policy
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade

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