WTO May Be Facing Most Turbulent Point in Its History

The video discusses the World Trade Organization (WTO), based in Geneva, which oversees global trade rules. It highlights the organization's historical controversies, including stalled negotiations like the Doha Development Agenda. The video also covers long-standing trade disputes, such as the Boeing-Airbus case, and the US's recent criticism of the WTO, including its refusal to appoint new appellate body members. The resignation of WTO's director general amid global economic challenges, such as the pandemic and trade tensions, is also addressed.

What is the primary role of the WTO?

• To control global currency exchange rates

• To regulate international trade rules

• To provide financial aid to developing countries

• To manage international travel regulations

When did the Doha Development Agenda begin?

• 2005

• 2001

• 2010

• 1998

What was the outcome of the trade dispute involving Boeing and Airbus?

• The US imposed $7.5 billion in tariffs on the EU

• The EU imposed tariffs on the US

• Both parties reached a mutual agreement

• The case was dismissed by the WTO

Why did the US criticize the WTO?

• For being too lenient on trade violations

• For being the worst trade deal ever made

• For not supporting US trade policies

• For imposing high tariffs on US goods

What significant event added to the WTO's challenges?

• The resignation of Roberto Azevedo

• The resolution of the Boeing-Airbus dispute

• The US rejoining the WTO appellate body

• The appointment of a new director general