With reference to Rules of origin criteria, consider the following statements:Rules of origin are the rules to attribute a country of origin to a product in order to determine its "economic nationality".Rules of origin used for the application of labeling and marking requirements.Preferential rules of origin are those primarily designated in order to sustain the most-favored-nation (MFN) treatment within the World Trade Organization (WTO). Which of the statements given above are correct?

Q. With reference to Rules of origin criteria, consider the following statements:
Rules of origin are the rules to attribute a country of origin to a product in order to determine its “economic nationality”.
Rules of origin used for the application of labeling and marking requirements.
Preferential rules of origin are those primarily designated in order to sustain the most-favored-nation (MFN) treatment within the World Trade Organization (WTO).
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A

Notes:

Explanation –

Statements 1 and 2 are correct. Rules of origin are the rules to attribute a country of origin to a product in order to determine its “economic nationality”. Rules of origin used for the application of labeling and marking requirements.

Statement 3 is incorrect. Preferential rules of origin are those associated with contractual or autonomous trade regimes leading to the granting of tariff preferences going beyond the MFN application. These are designed to determine the origin of goods for the purpose of granting preferential trade benefits under specific preferential trade agreements or preference programs.

Source: ForumIAS

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS