Economics · International Trade Organizations
With reference to the World Trade Organization (WTO), which of the following best explains the principle of 'Single Undertaking'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Developing countries are exempted from dispute settlement provisions.
- 2Plurilateral agreements automatically become binding on all WTO members.
- 3All multilateral agreements under the WTO framework are binding on all members as a single package.✓
- 4Members may selectively adopt agreements based on their level of development.
Correct answer
All multilateral agreements under the WTO framework are binding on all members as a single package.
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