General Studies · International Relations
Consider the following statements: Statement I: Countries of the Global South can improve their bargaining power in tariff negotiations by forming negotiating blocs rather than negotiating individually with major economic powers. Statement II: Under the World Trade Organization (WTO) framework, members are prohibited from forming preferential trade arrangements and must negotiate tariffs strictly on a bilateral basis. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct.
- 2Statement I is correct, but Statement II is incorrect.✓
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
Correct answer
Statement I is correct, but Statement II is incorrect.
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