WTO Discussion IB4

WTO formed in...

• 1995

• 1959

• 2005

• 1996

WTO and GATT is entirely separate entity. The rules of GATT applied in tangible goods. But WTO deals with...

• Goods and Services

• Goods and Intellectual Property

• Goods, Services, and Intellectual Property

• Both have similar rules

World Trade Organization promotes International Trade will help ensure that members benefits from:
1. Cheaper prices
2. Diverse supply of goods
3. New markets
4. Employment opportunities

• None of the above

• Only 1 and 2

• Only 3 and 4

• All correct

In the video of Developing countries to benefits from new TWO deal, it received ratification from several countries, EXCEPT...

• Rwanda

• Yemen

• Oman

• Jordan

Benefits of membership WTO to supports jobs and growth around the world in some countries' categories, such as...

• Less developed countries

• Developing countries

• Under Developed countries

• Over Developed countries

Functions of WTO are implementation of boost up tariffs and reduction of non-tarrif.

• Agree

• Not agree

There are functions of WTO, EXCEPT

• Implementation of reduction in tariffs and non-tariffs

• Collects information in respect of export-import trade

• Regularly examined the foreign trade policies of the member nations

• Blowing up of disputes

Practical issues in setting the dispute in WTO, the deliberation must be announced publicly

• Correct

• Wrong

United States limits the import of encryption technologies to national security reasons, also, China and Russia restrict the export of the same technologies to limit access to them.

• True

• Wrong

Protectionism means restriction trade to shield domestic industries from foreign competition

• Correct

• Wrong