LIC AAO Model Paper 9

Question : 74 of 160

Marks: +1, -0

What is the full form of TFA which is related to Global Custom Rules?

Solution:

TFA stands for Trade Facilitation Agreement. It is meant to ease customs rules worldwide. It could add

\$

1 trillion to the global GDP and create over 20 million jobs. India recently blocked WTO deal on TFA, angering fellow members of the organization

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