On which of the following area a consensus has been reached among members of World Trade Organizatio...........

Economic Affairs World Trade Organsiation (WTO)

On which of the following area a consensus has been reached among members of World Trade Organization (WTO)?

Doha Development Agenda (DDA)

Marrakech principle of multilateralism

Trade Facilitation Agreement (TFA)

Special and differential treatment (S&DT)

- Doha Development Agenda (DDA)

- Launched in 2001, focused on major reforms of the international trading system.

- No full consensus reached for completion.

- Marrakech Principle of Multilateralism

- Grounded in the principles established in 1994, emphasizing global cooperation.

- It’s a foundational principle but not a specific agreement with full consensus.

- Trade Facilitation Agreement (TFA)

- The first multilateral agreement reached since the WTO's creation.

- Came into force in February 2017, aimed to expedite the movement, release, and clearance of goods.

- Special and Differential Treatment (S&DT)

- Recognizes the need for differential measures for developing countries.

- Still a topic of discussion without full consensus.

Option:3 - Trade Facilitation Agreement (TFA) is correct.

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