Introduction to the World Trade Organization (WTO)

This video lecture provides an overview of the World Trade Organization (WTO), its purpose, and its role in global trade. It covers the history of the WTO, starting from the General Agreement on Tariffs and Trade in 1948 to its transition into the WTO in 1995. The lecture highlights the achievements of the WTO, such as the reduction of global tariffs, and explains key principles like the most favored nation principle. It also outlines the functions of the WTO, including administering trade agreements, facilitating negotiations, resolving disputes, and providing technical support. The video concludes with a discussion on negotiation rounds, particularly the ongoing Doha Round, and encourages viewers to explore the WTO website for more information.

What was the predecessor to the World Trade Organization?

• General Agreement on Tariffs and Trade

• International Trade Organization

• United Nations Conference on Trade and Development

• International Monetary Fund

Which principle ensures non-discrimination among WTO members?

• National treatment principle

• Transparency principle

• Reciprocity principle

• Most favored nation principle

What is one of the main functions of the WTO?

• To provide loans to developing countries

• To enforce environmental standards

• To administer trade agreements

• To regulate international currency exchange

How many negotiation rounds have been organized by the WTO since 1947?

• Seven

• Eight

• Nine

• Ten

What is the name of the ongoing negotiation round that started in 2001?

• Geneva Round

• Tokyo Round

• Doha Round

• Uruguay Round