World Trade Organization Overview

The video discusses the World Trade Organization (WTO), its history, principles, structure, and roles. It explains the transition from GATT to WTO, the organization's guidelines, and its objectives to promote free trade. The video also covers the WTO's structure, including its voting system and budget, and its role in resolving trade disputes and supporting developing countries. Finally, it includes multiple choice questions about the WTO's members, director-general, and the Doha round.

When was the World Trade Organization officially established?

• January 1, 1995

• December 15, 1994

• December 15, 1993

• January 1, 1994

What is one of the main principles of the WTO?

• Trade with barriers

• Trade without discrimination

• Trade with discrimination

• Trade with limited access

How does the WTO make decisions?

• By a panel of experts

• By the decision of the Secretary-General

• By consensus among member governments

• By a majority vote

What is the primary purpose of the WTO?

• To restrict trade to certain regions

• To close trade for the benefit of a few

• To open trade for the benefit of all

• To regulate trade for developed countries

How many member countries did the WTO have as of July 2016?

• 200

• 125

• 164

• 150

Which country did not join the WTO on January 1, 1995?

• Seychelles

• India

• Sri Lanka

• Pakistan

Who was the Director-General of the WTO starting September 1, 2013?

• Pascal Lamy

• Supachai Panitchpakdi

• Ngozi Okonjo-Iweala

• Roberto Azevêdo

In which year was the Doha Round launched?

• 2001

• 2010

• 1995

• 1986

What is the main objective of the Doha Development Agenda?

• To eliminate all trade rules

• To restrict trade to developed countries

• To reform the international trading system

• To increase trade barriers

What role does the WTO play in trade disputes?

• It escalates them

• It creates them

• It ignores them

• It helps settle them