BBM010 International Business

Both GATT and the WTO seek to promote ________.

• intellectual property protection

• trade in goods

• trade-related investment

• trade in services

A(n) ________ eliminates trade barriers among member countries

• common market

• customs union

• free trade area

• economic union

GATT is an acronym for ________.

• Group Accord on Trade Tendencies

• General Argument for Taxes and Tariffs.

• Grace, Action, Trust, and Trade

• General Agreement on Tariffs and Trade

One weakness of the WTO is that the enforcement of the GATT was stronger

• True

• False

The GATT seeks to reduce barriers to international trade.

• True

• False