Which one among the following is not a clause of World Trade Organization ?

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Q: 10 (CDS-I/2012)
Which one among the following is not a clause of World Trade Organization ?

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,82,32,17,7,82,8

keywords: 

{'world trade organization': [0, 1, 1, 5], 'trade barriers': [0, 0, 0, 2], 'unfair trade practices': [0, 0, 0, 1], 'export subsidies': [0, 0, 0, 1], 'negotiations': [0, 0, 1, 3], 'countries': [1, 0, 2, 6], 'clause': [0, 0, 1, 4], 'nation': [3, 1, 2, 3], 'deficit balance': [0, 0, 0, 1]}

Option 1 refers to the Most Favored Nation (MFN) treatment, which is a principle of non-discrimination in trade. It means that if a country grants favorable treatment to one trading partner, it must also extend the same treatment to all other WTO members. This is a fundamental clause of the World Trade Organization (WTO) and aims to promote fair and equal treatment in international trade.

Option 2 refers to the lowering of trade barriers through negotiations. This is another key clause of the WTO. The organization facilitates negotiations between member countries to reduce tariffs, quotas, and other restrictions on trade. The goal is to promote a more open and liberalized global trading system.

Option 3, providing financial support to countries with a deficit balance of payments, is not a clause of the WTO. While the WTO does address certain financial issues related to trade, such as rules on subsidies and government support, it does not provide direct financial assistance to countries.

Option 4 refers to discouraging unfair trade practices, including antidumping and export subsidies. This is also a clause of the WTO. The organization seeks to prevent unfair competition by imposing restrictions on these practices.

In summary, option 3, providing financial support to countries with a deficit balance of payments, is not a clause of