Consider the following statements about Trade Facilitation Agreement TFA and identify the incorrect ...........

Current Events and Developmental Issues International

Consider the following statements about Trade Facilitation Agreement (TFA) and identify the incorrect one

The Trade Facilitation is an agreement under the WTO that aims at improving efficiency of international trade by simplifying procedures and controls on trans-border movement of goods.

The TFA is a part of the Bali Package on lowering global trade barriers.

India has ratified TFA and has even set up a National level body to implement it.

The TFA is yet to come into force as it has not been ratified by the required two-third member nations.

Explanation:

TFA is an agreement under WTO and it is part of the Bali Package of issues.
Also it has come into force in February 2017 as the two third of 164 member nations have ratified it.