Which of the following statements are true about the World Trade Organization (WTO)?
1. The WTO replaced GATT as the primary international body governing trade.
2. It provides a forum for trade negotiations and dispute resolution.
3. The WTO allows for exceptions to its rules under specific conditions, such as national security.
4. It mandates that all member countries implement tariffs uniformly across all trade partners.
1
Only 1, 2, and 3 are correct
2
Only 2 and 4 are correct
3
All statements are correct
4
Only 1 and 4 are correct
5
Question Not Attempted