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?

1. Correct. India ratified the WTO Trade Facilitation Agreement in April 2016 by submitting its instrument of acceptance to the WTO.
2. Correct. The TFA emerged from the Bali Ministerial Package (2013) adopted at the WTO’s 9th Ministerial Conference.
3. Incorrect. The TFA did not come into force in January 2016; it entered into force on 22 February 2017 after the required ratifications.

Therefore, statements 1 and 2 only are correct.