India's formal acceptance of the WTO Agreement on Fisheries Subsidies is a major multilateral development directly relevant to international trade institutions and national subsidy policies.
Consider the following statements regarding the WTO Agreement on Fisheries Subsidies: 1. It was adopted by consensus at the 12th WTO Ministerial Conference in Geneva. 2. It is the first multilateral WTO agreement with an environmental sustainability objective. 3. It applies exclusively to inland aquaculture and freshwater fishing. Which of the statements given above are correct?