Economics · Economy
Consider the following statements regarding the Investment Facilitation for Development (IFD) Agreement under the World Trade Organization (WTO): Statement I: The Investment Facilitation for Development (IFD) Agreement, if incorporated into the WTO framework under Annex 4, would become part of the WTO's legal structure. Statement II: Plurilateral agreements under the WTO framework, such as those listed under Annex 4, are binding only on those members that have explicitly accepted them. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.✓
- 2Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 3Statement I is correct, but Statement II is incorrect.
- 4Statement I is incorrect, but Statement II is correct.
Correct answer
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
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