Choose the option which completes the blank part of the passage in coherent and logical manner.
India is experiencing an unprecedented boom in exports, as are the world exports. India is soon to reach the export target of $100 billion, up from only $33.22 billion in 1998-99.This can be attributed, in a large measure-
· To the WTO-induced lowering of the trade barriers.
· India has immensely benefited from the multilateral dispute settlement system that has been set up under the WTO. Action has been initiated against such powerful economies as the USA n disputes involving India.
· Adoption of international standards in Intellectual Property Rights protection would enhance flow of foreign investment and technology.
· Indian laboratories engaged in research in plant varieties and seeds for tropical regions would benefit.