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WorksheetsChapter 4. World Trade Organization
Total questions: 10
Worksheet time: 2mins
What was the forerunner of World Trade Organization?
General Agreement on Tariffs and Trade (GATT)
Bretton Woods Institutions
International Trade Organization (ITO)
None is correct
Which of the following is a main function of WTO?
Reviewing national trade policies
Administering trade agreements
Settling trade dispute
All is correct
According to the WTO mission statement, trade is ensured to flow ___.
fairly, simply and effectively
smoothly, predictably and freely
efficiently, clearly and smoothly
freely, equally and gradually
China has violated which fundamental principle of WTO in the following case?
Trade without discrimination (national treatment)
Promoting fair competition
Freer trade, gradually, through negotiation
Trade without discrimination (most-favoured nation)
Does China have the right to sue Vietnam for violating the WTO principle of “Most-favoured Nation” in the following case?
No
Yes
Not enough information
Neutral
Which WTO principles Vietnam violates when giving FTA partners special tariff treatment?
Trade without discrimination (national treatment)
Freer trade, gradually, through negotiation
Trade without discrimination (most-favoured nation)
No principles have been violated
What is one purpose of WTO principle “Predictability through Binding and Transparency”?
setting a fixed upper limit on tariffs and other commitments
encouraging unfair trade
providing stability and predictability (for businesses)
discouraging transparency in trade policies and practices
Under the principle of “Encouraging Development and Economic Reform”, what opportunities are provided to developing country members?
More time for developing countries to implement undertakings.
Special assistance (training, legal advice).
Extend Special and Differential Treatment
All is correct
What areas in trade do WTO Agreements not cover?
Intellectual Property
Rules of Origin
Technical Barriers to Trade
Financial Measures
The following is an example of the ___ principle.
Promoting fair competition
Freer trade, gradually, through negotiation
Most - Favoured Nation
Encouraging development and economic reform
