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Which of the following did not form part of either the GATT or the WTO framework?

The Multilateral Agreement on Investment was a stand-alone draft negotiated at the OECD from 1995 to 1998. The negotiations were discontinued. The GATT-era Multifibre…

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Which of the following did not form part of either the GATT or the WTO framework?

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Correct answer C

The Multilateral Agreement on Investment was a stand-alone draft negotiated at the OECD from 1995 to 1998. The negotiations were discontinued. The GATT-era Multifibre Arrangement was replaced by the WTO Agreement on Textiles and Clothing on 1 January 1995. Under the new agreement, textile and clothing quotas were phased out by 1 January 2005. The General Agreement on Trade in Services and the Agreement on Agriculture are annexed to the Marrakesh Agreement establishing the WTO.

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Option A

The Multifibre Arrangement belonged to the GATT-era textiles framework. The WTO Agreement on Textiles and Clothing replaced it in 1995 and phased out the quotas it had governed.

Option B

Incorrect. The General Agreement on Trade in Services (GATS) is a core multilateral agreement under Annex 1B of the Marrakesh Agreement Establishing the World Trade Organization.

Option C

Correct. The Multilateral Agreement on Investment (MAI) was negotiated between 1995 and 1998 under the Organisation for Economic Co-operation and Development (OECD), not the WTO, and was abandoned in 1998.

Option D

Incorrect. The Agreement on Agriculture (AoA) is a core WTO treaty in Annex 1A of the Marrakesh Agreement Establishing the World Trade Organization.

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