WTO QUIZ

What is the primary objective of the World Trade Organization (WTO)?

• Promoting environmental sustainability

• Facilitating international cooperation in science

• Enhancing global economic stability and prosperity

• Ensuring cybersecurity in international trade

Which agreement governs the intellectual property rights within the WTO framework?

• TRIPS Agreement

• GATT Agreement

• TRIMS Agreement

• NAFTA Agreement

What is the main function of the General Agreement on Tariffs and Trade (GATT) within the WTO?

• Regulating agricultural subsidies

• Facilitating trade negotiations and dispute resolution

• Promoting cultural exchange between member countries

• Addressing labor standards in global trade

Which round of trade negotiations led to the establishment of the WTO in 1995?

• Tokyo Round

• Uruguay Round

• Doha Development Round

• Cancún Round

What is the primary mechanism for resolving trade disputes at the WTO?

• International Court of Justice (ICJ)

• Dispute Settlement Body (DSB)

• United Nations Security Council

• World Economic Forum (WEF)

Which principle emphasizes the “Most-Favored-Nation” treatment among WTO members?

• National Treatment

• Non-Discrimination

• Reciprocity

• Sovereign Equality

Which WTO agreement focuses on reducing obstacles to trade in services among member countries?

• GATS Agreement

• TRIMS Agreement

• TBT Agreement

• SPS Agreement

What does the Trade-Related Investment Measures (TRIMS) Agreement aim to eliminate?

• Tariff barriers on agricultural products

• Non-tariff barriers to trade in services

• Discriminatory measures affecting foreign investment

• Quotas on textile exports