''Agreement on Technical Barriers to Trade (TBT)'' is related with which institution?

Question

''Agreement on Technical Barriers to Trade (TBT)'' is related with which institution?

1. A. World Bank
2. B. NITI Aayog
3. C. World Trade Organization (Correct answer)
4. D. World Economic Forum

Correct Answer

Option C — World Trade Organization

Detailed Solution & Explanation

The correct answer is World Trade Organization.

Key Points

• The Agreement on Technical Barriers to Trade (TBT) is a WTO agreement that ensures technical regulations, standards, and conformity assessment procedures do not create unnecessary obstacles to international trade.

Additional Information

• The TBT Agreement is one of the WTO agreements concluded in the Uruguay Round (1994), ensuring technical regulations and standards do not become disguised trade barriers.
• Its companion is the SPS Agreement on sanitary and phytosanitary measures covering food safety and plant and animal health.
• The WTO was created on 1 January 1995, replacing GATT (1948), and is headquartered at Geneva; it works by consensus and runs a dispute settlement mechanism.
• Other core WTO agreements: GATT (goods), GATS (services) and TRIPS (intellectual property).