Understanding the World Trade Organization (WTO)

When was the World Trade Organization (WTO) created?

• 1985

• 2001

• 1947

• 1995

What did the WTO supersede?

• General Agreement on Tariffs and Trade (GATT)

• United Nations

• League of Nations

• International Trade Organization

How many member countries does the WTO have as of 2021?

• 200

• 153

• 192

• 164

Who is the director-general of the WTO as of February 15, 2021?

• Pascal Lamy

• Ngozi Okonjo-Iweala

• Roberto Azevêdo

• Supachai Panitchpakdi

What is the main function of the WTO?

• To oversee global financial stability

• To provide humanitarian aid

• To promote world peace

• To oversee the rules for global trade among nations

Which country's relationship with the WTO has been described as 'cool' in recent years?

• Russia

• India

• China

• USA

What year did the U.S. sign the General Agreement on Tariffs and Trade (GATT)?

• 1948

• 1995

• 1972

• 1965

What significant action did then-President Bill Clinton take regarding the WTO?

• He facilitated China's acceptance into the WTO

• He withdrew the U.S. from the WTO

• He created the WTO

• He signed the first WTO agreement

What are the main functions of the World Trade Organization?

• Manages global environmental standards

• Controls global monetary policies

• Regulates international human rights laws

• Administers trade agreements and mediates disputes

What was the predecessor to the WTO?

• International Monetary Fund

• General Agreement on Tariffs and Trade (GATT)

• Global Trade Organization

• United Nations Economic Council