Practice

Unlimited, untimed. Explanations right after.

Consider the following statements regarding India–Pakistan bilateral trade relations and the framework governing them:

Statements

  1. India withdrew Pakistan's Most Favoured Nation (MFN) status in 2019 following the Pulwama attack, a step India took unilaterally under the provisions of the GATT/WTO framework that permit suspension of MFN treatment on national security grounds.
  2. Under the WTO framework, the MFN principle obligates member countries to extend the same trade terms granted to one trading partner to all other WTO members, unless a specific exception — such as a free trade agreement or national security — applies.
  3. Pakistan had granted MFN status to India before 2019, and India's withdrawal of MFN status from Pakistan in 2019 meant that Pakistani goods entering India were thereafter subject to higher tariff rates than goods from other WTO members.

Which of the statements given above is/are correct?

Options