GATT-WTO

What is WTO?

• World Trade Organization

• World Tariff Organization

• World Tax Organization

• World Taxation Organization

What is GATT?

• Goods Agreement on Tariffs and Trade

• Good Agreement on Tariffs and Trade

• General Agreement on Tariffs and Trade

• Great Agreement on Tariff and Trade

The WTO began life on 1 January ______

• 1947

• 1994

• 1948

• 1995

What is NOT considered as a trade barrier?

• quotas

• subsidies

• tariff

• export security

what is created by the Marrakesh agreement?

• GATT 1947

• WTO

• GATT 1994

• GATT 1995

what year was the first GATT established?

• 1945

• 1946

• 1947

• 1948

The WTO rules --agreements -- are the result of _______ between the members.

• conversations

• negotiations

• arbitrations

• litigations

Where was the WTO established?

• Switzerland

• New Zealand

• France

• USA

How many members does the WTO have?

• 145

• 162

• 178

• 164

What is not a function of the WTO?

• forum trade negotiations

• handling trade disputes

• monitoring trade policies

• penalizing unfair competition