GS PrelimsEconomyExternal Sector2000

Consider the following statements: The Ministerial Meeting of the WTO held in December 1999 was unsuccessful because it attempted to link trade with 1. I. labour related issues. 2. II. environment related issues. 3. III. terrorism related issues. 4. IV. debt related issues. Which of these statements are correct?

A

I, III and IV

B

I and II

C

II and III

D

II and IV

Correct Answer: Option B

Explanation

1. The question seeks the reasons for the failure of the World Trade Organization (WTO) Ministerial Meeting held in Seattle, December 1999. 2. The Seattle Ministerial collapsed due to significant disagreements, particularly over attempts to establish trade linkage. 3. Statement I is correct: Proposals to link international trade rules with compliance on labour related issues (labour standards) were a major point of conflict. 4. Statement II is correct: Attempts to incorporate environment related issues (environmental standards) into the WTO framework also faced strong opposition and contributed to the deadlock. 5. Statements III (terrorism related issues) and IV (debt related issues) were not the primary points of contention that led to the failure of the 1999 Seattle meeting. 6. Thus, the correct statements identifying the key reasons for the failure are I and II.

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