Question

A fundamental principle set forth in the preamble to the 1994 Marrakesh Agreement is that "substantial reduction of tariffs and other barriers to trade" will contribute to the objective of "raising standards of living."
a. true.
b. false.

Answer 1

Answer:

The correct answer is: a) true

Explanation:

According to the WTO, the 1994 Marrakesh Agreement states that "trade and economic endeavour should be conducted with a view to raising standards of living (...)" and this could be achieved, among other things, by "entering into reciprocal and mutually advantageous arrangements directed to the substantial reduction of tariffs and other barriers to trade (...)"

Source:

World Trade Organization: https://www.wto.org/english/docs_e/legal_e/04-wto_e.htm