Economics · International Trade
A Regional Trade Agreement (RTA) between two WTO members eliminates tariffs on trade. Under WTO rules, consider the following statements: 1. RTAs are permitted as exceptions to the MFN principle under Article XXIV of GATT. 2. Such agreements must cover 'substantially all the trade' between the participating constituent members. 3. RTAs must eliminate non-tariff barriers uniformly across all non-member WTO countries. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 only
- 21 and 2 only✓
- 32 and 3 only
- 41, 2 and 3
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1 and 2 only
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