Consider the following statements:

(a) India's Trade Policy Review (TPR) is carried out every four years

(b) WTO has a mechanism for regular review of the trade policies of member countries 

Which of the statement(s) given above is/are correct?

1
Only (a) 
2
Only (b) 
3
Both (a) and (b) 
4
Neither (a) nor (b)

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