Economics · Economy
With reference to the use of the terms 'developed' and 'developing' in the World Trade Organization (WTO), consider the following statements: I. WTO agreements provide a formal, universally applicable definition of 'developing country' status. II. A member may describe itself as a developing country, but other members can challenge that claim. III. Developing-country status can be relevant for availing Special and Differential Treatment provisions under WTO agreements. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only
- 3II and III only✓
- 4I and II only
Correct answer
II and III only
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