Which of the following statements are true?
1. WTO rules are mainly applied to trade in goods but other areas such as services, intellectual property etc are not covered by them.
2. GATT had contracting parties, whereas WTO has members.
3. The dispute settlement system under WTO is much more efficient, speedy and transparent unlike the GATT system which was highly susceptible to blockages.
A. Both 1 and 2
B. Both 2 and 3
C. Both 1 and 3
D. All of the above
Answer: Option B
This Question Belongs to Management >> Foreign Trade Policy
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