Economics · International Trade Organizations

With reference to the World Trade Organization (WTO), consider the following statements: I. It was established by the Marrakesh Agreement in 1995, replacing the General Agreement on Tariffs and Trade (GATT). II. Decisions within the WTO are generally made by a consensus of all member countries, rather than a simple two-thirds majority vote. III. The WTO's Appellate Body, which is central to its dispute resolution mechanism, has been facing functional paralysis due to the blocking of member appointments. Which of the statements given above are correct?