Consider the following statements regarding the regulation of chemicals:
Statement I: A legally binding global treaty to regulate the production and use of all toxic chemicals already exists under the United Nations.
Statement II: The Rotterdam Convention aims to promote shared responsibility in the international trade of hazardous chemicals by facilitating informed decision-making regarding their import and export.
Which one of the following is correct in respect of the above statements?
1
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
2
Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
3
Statement I is correct, but Statement II is incorrect.
4
Statement I is incorrect, but Statement II is correct.