NAMA-11 (Nama-11) group of countries frequently appears in the news in the context of the affairs of which one of the following?
- ANuclear Suppliers Group
- BWorld Bank
- CWorld Economic Forum
- DWorld Trade OrganizationCorrect
Explanation
The correct answer is D because NAMA 11 is a group of developing countries within the World Trade Organization. The acronym NAMA stands for Non Agricultural Market Access. This group was formed to protect the interests of developing nations during trade negotiations, specifically focusing on reducing or eliminating tariffs on industrial and non agricultural goods. Members of NAMA 11, including countries like India, Brazil, and South Africa, advocate for flexibilities that allow them to protect their domestic industries from high competition while seeking better market access in developed nations.
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