TARIFF MANAGEMENT 7 QUIZ 2

The General Agreement on Trade in Services (GATS) entered into force in January 1995 as a result of the Uruguay Round negotiations to provide for the extension of the multilateral trading system to services

• TRUE

• FALSE

The General Agreement on Trade and Services  main text containing general obligations and disciplines containing provisions on specific sectors; and individual members' specific commitments to provide guarantees of access to their markets and non-discriminatory treatment

• TRUE

• FALSE

The WTO’s Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) was negotiated during the Uruguay Round. It  contained  intellectual property rules into the multilateral trading system for the first time.

• TRUE

• FALSE

Agreement on telecommunications under the world trade negotiations was approved in year 1997.

• TRUE

• FALSE

The 10th Ministerial Conference in Nairobi abolished agricultural export subsidies to fulfill the United Nation sustainable development goal on “Zero hunger”.

• TRUE

• FALSE

Services represent the fastest growing sector of the global economy and account for over two thirds of global output and nearly 20%  of global trade., services account for approximately 30% of world trade.

• TRUE

• FALSE

The only services excluded from the scope of the GATS are services provided under governmental authority and sea transport services.

• TRUE

• FALSE

The exceptional growth had been observed when WTO started to roll out.

• TRUE

• FALSE

The Doha Development Agenda, launched at the 5th WTO Ministerial Conference in Doha, Qatar, in November 2001.

• TRUE

• FALSE

A revised government procurement agreement was adopted at the WTO’s 7th Ministerial Conference that expanded the coverage of the original agreement.

• TRUE

• FALSE