Question

8. Identify the incorrect statement With respect to WTO?

1-It requires member nations to give national treatment to international goods and services.
2-It replaced the General Agreement on Tariffs and Trade (GATT) in 1995.
3-The most favoured nation principle under WTO provided that preferential trading agreements reached
with one country should be extended to other countries.
4-It cover in its agreements the direct taxation policies of member nations,​

Answer 1

Explanation:

The most favoured nation principle under WTO provided that preferential trading agreements reached

with one country should be extended to other countries.