Which of the following statements are not true?

  • The General Agreement on Tariffs and Trade had regulated global trade since 1947
  • GATT was replaced by WTO in 1995
  • The Most Favoured nation under GATT provided that preferential trading agreements reached with one country should be reached with other countries
  • The WTO has been able to cover in its agreements the agriculture and textile sectors which are the principle concerns for the least developed nations
Which of the following statements are not true?
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