Consider the following statements.

1. India has ratified the Trade Facilitation Agreement (TFA) of WTO.
2. TFA is a part of WTO’s Bali Ministerial Package of 2013.
3. TFA came into force in January 2016.

Which of the statements given above is/are correct?

The correct answer is 1 and 2 only.

Let us analyze each of the given statements step-by-step to evaluate their correctness:

Statement 1: India has ratified the Trade Facilitation Agreement (TFA) of WTO.
This statement is correct. India submitted its instrument of acceptance for the Trade Facilitation Agreement (TFA) to the World Trade Organization (WTO) in April 2016, officially ratifying the agreement.

Statement 2: TFA is a part of WTO’s Bali Ministerial Package of 2013.
This statement is correct. The Trade Facilitation Agreement was agreed upon by WTO members during the 9th Ministerial Conference held in Bali, Indonesia, in December 2013, as a core component of the Bali Package.

Statement 3: TFA came into force in January 2016.
This statement is incorrect. The TFA entered into force on February 22, 2017, after two-thirds of the WTO's membership completed their domestic ratification processes, not in January 2016.

Therefore, statements 1 and 2 are correct, making 1 and 2 only the right choice.