Select the correct statement out of the following:
A. Multilateral Trade Negotiations are a process of increasing tariffs to trade among member countries.
B. Multilateral Trade Negotiations are a process of increasing nontariff barriers to trade.
C. Multilateral Trade Negotiations are a process of increasing tariffs but decreasing non-tariff barriers to trade.
D. Multilateral Trade Negotiations are a process of reducing tariff and non-tariff barriers to trade among member countries of GATT or WTO.
Answer:D
Select the correct statement out of the following:
A. Multilateral Trade Negotiations are a process of increasing tariffs to trade among member countries. B. Multilateral Trade Negotiations are a process of increasing nontariff barriers to trade. C. Multilateral Trade Negotiations are a process of increasing tariffs but decreasing non-tariff barriers to trade. D. Multilateral Trade Negotiations are a process of reducing tariff and non-tariff barriers to trade among member countries of GATT or WTO.