Match the items of List - II and with the items of List - I relating to WTO impact : List-IList-II (a)…
Under the WTO framework, NAMA (Non-Agricultural Market Access) (a) covers industrial goods, textiles, jewellery, and fisheries products (ii); GATT/GATS (b) deals with the…
Choose your answer
Match the items of List - II and with the items of List - I relating to WTO impact :
| List-I | List-II |
|---|---|
| (a) NAMA | (i) Liberalisation of international investments. |
| (b) GATTS | (ii) Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries. |
| (c) TRIMs | (iii) Liberalisation of trade in goods and services. |
| (d) TRIPs | (iv) Provides monopoly power to owners of intellectual property. |
Answer and explanation
Correct answer C
Under the WTO framework, NAMA (Non-Agricultural Market Access) (a) covers industrial goods, textiles, jewellery, and fisheries products (ii); GATT/GATS (b) deals with the liberalisation of trade in goods and services (iii); TRIMs (c) addresses the liberalisation of trade-related international investment measures (i); and TRIPs (d) grants protection and exclusive rights to owners of intellectual property (iv).
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UGC NET Commerce