Which one of these is the main reason why GATT lost its relevance by 1980?

CA Foundation · Business Economics · PYQS · May 2025
Which one of these is the main reason why GATT lost its relevance by 1980?
(A) A. Efforts at liberalising agricultural trade were successful.
(B) B. International investments did not expand substantially.
(C) C. GATT was a treaty.
(D) D. There were inadequacies in institutional structure and dispute settlement system.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. There were inadequacies in institutional structure and dispute settlement system.

Topics: International Trade

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