Economics · International Trade Organisations
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. The decisions in the WTO are made based on a two-thirds majority vote of the member countries. III. The WTO's Appellate Body, which is central to its dispute resolution mechanism, has been facing functional paralysis in recent years. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only
- 22 and 3 only
- 31 and 3 only✓
- 41, 2 and 3
Correct answer
1 and 3 only
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