World Trade Organization (WTO) Quiz

When was the World Trade Organization (WTO) established?

• 1 January 1985

• 1 January 2000

• 1 January 2010

• 1 January 1995

How many members does the WTO have as of April 2019?

• 150

• 164

• 200

• 175

What does 'most favoured nation' status mean in the context of the WTO?

• Countries can discriminate against each other

• Trade concessions must be granted to all WTO members

• It allows countries to impose tariffs

• Only developed countries receive benefits

What is one of the aims of the WTO?

• To increase tariffs

• To promote isolationism

• To lower trade barriers

• To limit trade agreements

What is a key function of the WTO?

• To create national trade policies

• To administer WTO trade agreements

• To regulate domestic markets

• To impose tariffs on imports

What is the current round of negotiations called?

• Geneva Round

• Doha Round

• Bali Round

• Nairobi Round

What was a major concern during the Doha round negotiations?

• Reducing tariffs on manufactured goods

• Increasing agricultural subsidies

• Improving market access for developing countries

• Eliminating all trade barriers

What factor limits the effectiveness of the WTO?

• Strong cooperation with other organizations

• Equal bargaining power among all countries

• Unequal bargaining power of member countries

• High levels of transparency

What is one of the criticisms of WTO rules for developing countries?

• They allow for high tariffs

• They encourage trade agreements

• They prevent protection of infant industries

• They promote fair competition

What is a challenge faced by the WTO in recent years?

• Simplification of trade rules

• Lack of interest from developed countries

• Decreased membership

• Increased number of trade deals outside the WTO