India will pitch for TFA in services at WTO

Q.  India is set to pitch for a strong TFA in services at WTO. What does TFA stand for?
- Published on 08 Jan 16

a. Trade Facilitation Agreement
b. Trade Formation Agreement
c. Trading Formation Agreement
d. Trading Facilitation Agreement

ANSWER: Trade Facilitation Agreement
 
India will pitch for a trade facilitation agreement in services at the WTO and other bilateral FTAs as the sector has massive potential and contributes to the economy of the country. India is forging ahead for a comprehensive trade pact in the services sector which is a key area of interest in the nation. This is with respect to the ongoing free trade agreement negotiations including RCEP/ Regional Comprehensive Economic Partnership and EU.

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