Regarding the WTO’s role and objectives, consider the following statements:
- Statement I: The WTO promotes fair trade practices by imposing protective tariffs on imports from developing nations.
- Statement II: The WTO aims to ensure non-discriminatory and reciprocal trade practices among its member nations.
Which of the statements is/are correct?
1
Only Statement I
2
Only Statement II
3
Both Statement I and II
4
Neither Statement I nor II