Which of the following is true of the Council for Trade in Services?
A) It is meant to function within the framework of the WTO.
B) It is an independent body with no direct affiliation with any other international trade organizations.
C) It develops the sectoral annexes that deal with issues unique to particular economic sectors.
D) It lays out general obligations and disciplines of member states of IMF.

Question

Quizplus · Accepted Answer

The Council for Trade in Services is a subsidiary body of the World Trade Organization and is meant to function within the framework of the WTO. Its primary function is to oversee the implementation of the General Agreement on Trade in Services (GATS) and to hold regular meetings to discuss issues pertaining to international trade in services.

Option B is incorrect because the Council for Trade in Services is not an independent body, but rather a subsidiary body of the WTO.

Option C is incorrect because the development of sectoral annexes is the responsibility of the specific WTO committees dealing with those sectors.

Option D is incorrect because the IMF does not have any affiliation with the Council for Trade in Services.

Which of the Following Is True of the Council for Trade