The Bali Ministerial Declaration and the ministerial decisions that were adopted on 7th December, 2013 contained several issues. Which of the following are related to the Least-Developed Countries? 1. Preferential Rules of Origin for Least- Developed Coun

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Q: 32 (NDA-I/2014)
The Bali Ministerial Declaration and the ministerial decisions that were adopted on 7th December, 2013 contained several issues.
Which of the following are related to the Least-Developed Countries?
1. Preferential Rules of Origin for Least- Developed Countries
2. Operationalization of the Waiver Concerning Preferential Treatment to Services
3. Duty-Free and Quota-Free (DFQF) Market Access for Least-Developed Countries
Select the correct answer using the code given below.

question_subject: 

Current Affairs

question_exam: 

NDA-I

stats: 

0,19,16,19,10,3,3

keywords: 

{'bali ministerial declaration': [0, 0, 0, 1], 'ministerial decisions': [0, 0, 0, 1], 'developed countries': [0, 0, 0, 1], 'countries': [1, 0, 2, 6], 'preferential rules': [0, 0, 0, 2], 'quota': [0, 0, 1, 2], 'preferential treatment': [0, 1, 0, 1], 'dfqf': [0, 0, 0, 1]}

The correct answer is Option 1: 1, 2, and 3.

Option 1 states that all three issues listed in the question are related to the Least-Developed Countries (LDCs). Let`s break down each issue to understand why they are related to LDCs:

1. Preferential Rules of Origin for Least-Developed Countries: Rules of origin determine the country of origin for a product and play a crucial role in determining tariff rates and trade preferences. LDCs often face challenges in meeting the complex rules of origin requirements due to their limited capacity and less developed industries. Therefore, the preferential rules of origin specifically tailored for LDCs aim to simplify the process and provide them with more favorable trade conditions.

2. Operationalization of the Waiver Concerning Preferential Treatment to Services: This issue is related to LDCs as it focuses on providing preferential treatment to services offered by LDCs. This waiver aims to promote the development and integration of services sectors in LDCs by granting them special treatment and exemptions in trade agreements.

3. Duty-Free and Quota-Free (DFQF) Market Access for Least-Developed Countries: This issue refers to providing LDCs with unrestricted access to markets by eliminating