Which of the following agreements was in direct violation of the principles of GATT?
A) Trade policy review
B) Multifibre Arrangement
C) General Agreement on Trade in Services
D) Trade-Related Aspects of Intellectual Property Rights

Question

Which of the following agreements was in direct violation of the principles of GATT? 
A) Trade policy review 
B) Multifibre Arrangement 
C) General Agreement on Trade in Services 
D) Trade-Related Aspects of Intellectual Property Rights

Quizplus · Accepted Answer

The Multifibre Arrangement was a bilateral agreement between developed and developing countries that restricted trade in textiles and clothing. This violated the principles of GATT as it created discriminatory trade barriers by favoring certain countries over others. GATT was based on the principle of non-discrimination in international trade, and the Multifibre Arrangement was a clear violation of this principle.

Which of the Following Agreements Was in Direct Violation of the Principles