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Which among the following statements is/are true with regard to WTO membership?1. All WTO members automatically receive the 'most favoured nation' status.2. Over 75% of WTO members are from developing countries, WTO membership allows them access to developed markets at the lower tariff. Select the correct answer using the codes given below.

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Which among the following statements is/are true with regard to WTO membership?<br />1. All WTO members automatically receive the 'most favoured nation' status.<br />2. Over 75% of WTO members are from developing countries, WTO membership allows them access to developed markets at the lower tariff. Select the correct answer using the codes given below.






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