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Which of the following statements is NOT true with respect to Regional Trade Agreements (RTA's)? Question 6 Answer a. RTA's must not create new trading
Which of the following statements is NOT true with respect to Regional Trade Agreements ("RTA's")? Question 6 Answer a. RTA's must not create new trading barriers for countries who are not part of the RTA zone. b. RTA's must have the effect of increasing trade to be allowable under WTO rules. c. The number of RTA's across the world increased significantly in the past three decades. d. The WTO Secretariat has historically been in favour of increasing the number of RTA's in operation as a core pillar of increasing trade. e. RTA's are an allowable exception the MFN principle of the WTO provided that they comply with applicable requirements
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