Match the following items.
| List I | List II |
| i. Global System of Trade Preferences | a. 2021 |
| ii. India-Gulf Cooperative Council Free Trade Agreement | b. 1988 |
| iii. The India-Republic of Korea Comprehensive Economic Patnership Agreement | c. 2004 |
| iv. 7th Trade Policy Review | d. 2010 |
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. i (b), ii (c), iii (d), iv (a).
i. Global System of Trade Preferences – (b) 1988
ii. India-Gulf Cooperative Council Free Trade Agreement – (c) 2004
iii. The India-Republic of Korea Comprehensive Economic Partnership Agreement – (d) 2010
iv. 7th Trade Policy Review – (a) 2021
The Global System of Trade Preferences (GSTP) was established in 1988 to enhance trade among developing nations. India initiated negotiations for an FTA with the Gulf Cooperation Council (GCC) in 2004. The India-Republic of Korea CEPA was signed in 2010 to boost bilateral trade. The 7th Trade Policy Review (TPR) was conducted by the WTO in 2021.