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The principle of reciprocity within WTO framework envisages
  • a)
    Lowering of trade barriers by a State to be matched in return.
  • b)
    Creation of trade barriers on uniform basis.
  • c)
    Protection of intellectual property rights.
  • d)
    Enhanced role for State controls on trade.
Correct answer is option 'A'. Can you explain this answer?
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The principle of reciprocity within WTO framework envisagesa)Lowering ...
The WTO Agreement envisages four specific situations involving voting: An interpretation of any of the multilateral trade agreements can be adopted by a majority of three quarters of WTO members.Formally, all of these councils and committees consist of the full membership of the WTO.
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The principle of reciprocity within WTO framework envisagesa)Lowering of trade barriers by a State to be matched in return.b)Creation of trade barriers on uniform basis.c)Protection of intellectual property rights.d)Enhanced role for State controls on trade.Correct answer is option 'A'. Can you explain this answer?
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