AAD.WHG.31: Understanding Trade Organizations and Treaties

What is one of the primary goals of trade organizations and treaties?

• Promoting nationalistic policies

• Promoting free trade by reducing barriers like tariffs

What do trade agreements and organizations aim to establish?

• A single global currency

• A rules-based system for international trade

What is a goal of fostering economic integration among member countries?

• Promoting language uniformity

• Harmonizing regulations and standards

How do trade agreements facilitate development in developing countries?

• By providing access to larger markets and technology transfer

• By limiting foreign investments

What do some trade agreements incorporate to ensure they benefit society?

• Guidelines that discourage international cooperation

• Provisions related to sustainable development and environmental protection

Which global challenges can trade organizations and treaties address?

• Promoting global warfare

• Public health, food security, and climate change

What is the aim of reducing barriers such as tariffs and quotas in trade agreements?

• To promote economic growth, efficiency, and competitiveness

• To decrease market access

What is the purpose of creating a rules-based system in international trade?

• To provide clarity, transparency, and predictability

• To undermine smaller economies