Quizz No. 2

The World Trade Organization (WTO) was established to replace the General Agreement on Tariffs and Trade (GATT) in 1995, aiming to enhance global trade cooperation.

• True

• False

They were the rounds of multilateral trade negotiations that went beyond tariff reductions with the objective of liberalizing non-tariff trade barriers.

• Kennedy Round and Doha Round

• Dillon Round and Kennedy Round

• Tokyo Round and Uruguay Round

• Ginebra Round and Uruguay Round

Which of the following measures is designed to prevent unfair trade practices that harm domestic industries?

• Safeguard measures

• Import quotas

• Tariffs

• All of the above

One of the primary objectives of the World Trade Organization (WTO) is to ensure fair competition in international trade. This principle is violated when a foreign company sells its goods in another country at a price that is less than the price it charges in its home market. What is this practice called?

It is also part of the WTO framework, enables governments to take temporary trade measures to protect domestic industries from sudden and significant import surges that threaten to cause serious harm. These measures, can be in the form of increased import duties or quantitative restrictions.

These duties are intended to counteract any unfair competitive advantage that foreigners may gain over domestic producers due to foreign subsidies.

it is aimed to reduce trade barriers and to promote transparent Market access and integration of global markets. Domestic Support: one od its main pillars is domestic support, it calls for reduction in domestic subsidies that distorts free trade and fair price.

subsidies are categorized into:

• a) Green box

  b) Amber box

  c) Black box

• a) Green box

  b) Blue box

  c) Red box

• a) Grey box

  b) Amber box

  c) Yellow Box

• a) Green box

  b) Amber box

  c) Blue Box

It is designed to protect various forms property including patents, trademarks, copyrights, and trade secrets, in the global marketplace.

they are signs used on products that have a specific geographical origin and possess qualities or a reputation attributable to that origin.

• Geographical Indications (GIs)

• IPR (intellectual Property Rights)

• Copyrights

• Trademarks

This agreement provides protection for industrial property including patents, trademarks, and industrial designs. It enables individuals or businesses to seek protection for their IP rights in multiple countries by filing one application with their national IP office.

• Paris Convention

• Madrid Convention

• Uruguay Convention

• Tokio convention

• None of them