Official Answer Key & Detailed Solution
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Correct Answer: Option (A) — Commerce in Information Technology
Concept & Option Breakdown
Standard Reference VerifiedAt the inaugural WTO Ministerial Conference held in Singapore in December 1996, the landmark Information Technology Agreement (ITA-I) was concluded. The ministerial declaration committed signatories to completely eliminate customs duties and other charges on information technology products, including computers, semiconductors, software, and telecommunications equipment.
The Singapore Ministerial Conference of 1996 is famous for the Information Technology Agreement (ITA) and the 'Singapore Issues'.
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