Q. Which of the following statements about the Dunkel draft is/are correct?
I. It is mandatory for the Government of India to accept all its proposals in all the sectors.
II. In the field of agriculture, the main proposal is to cut agricultural subsidies.
III. In the field of textiles, it reiterates the operation of the multi fibre agreement.
IV. The proposals have already been accepted by the Parliament.
Select the correct answer from the codes given below.
Codes:
Answer:
I, II and IV only
Notes: The Agreement on Textiles and Clothing (ATC) was negotiated in the Uruguay Round of Trade Negotiations. It replaced the Arrangement Regarding International Trade in Textiles (MFA, or Multi-Fibre Arrangement) of 20 December 1973.