CDS I 2015Question #112International Economic Organisations & Trade
Which of the following statements is not true?
AThe General Agreement on Tariffs and Trade (GATT) had regulated global trade since, 1947
BGATT was replaced by the World Trade Organisation (WTO) in 1995
CThe Most Favoured Nation principle under GATT provided that preferential trading agreements reached with one country should be extended to other countries
DThe WTO has been able to cover in its agreement the agriculture and textile sectors which are the principal concerns for the least developed countries (LDCs).