WorksheetsWTO agreements
Total questions: 48
Worksheet time: 25mins
______________ refers to protect international trade from trade related investment measure that countries adopt to protect their domestic trade.
TRIPS
TRIMS
GATS
AOA
WTO helps in the implementation and administration of international trade agreements. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It administers WTO trade agreements
It provides a forum for trade negotiations
It handles trade disputes
TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is administered by:
World Bank (WB)
United Nations Organization (UNO)
World Trade Organization (WTO)
United Nations Conference on Trade and Development (UNCTAD)
In 1947, 29 countries formed an agreement known as (a) .
A member from WTO cannot set the trade policy which discriminate between its trading partner. It can impose a higher tariff on imports from one country and a lower one on imports from another country.
True
False
An agreement was reached to replace the GATT by a new international trade body. This body was established in January 1995, and was called (a) .
WTO helps in the implementation and administration of international trade agreements. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It administers WTO trade agreements
It provides a forum for trade negotiations
It handles trade disputes
When WTO members disagree on trade issues, the WTO makes decisions to resolve the differences on the basis of the legal foundations of the trade agreement. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It administers WTO trade agreements
It provides a forum for trade negotiations
It handles trade disputes
The assistance provided to developing countries concerns trade-related issues arising from WTO trade agreements. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It provides technical assistance and training for developing countries
It provides a forum for trade negotiations
It handles trade disputes
The WTO carries out periodic reviews of its members' national trade policies. Members are required to notify the WTO of any changes in trade policy. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It provides technical assistance and training for developing countries
It provides a forum for trade negotiations
It handles trade disputes
The WTO cooperates with World Bank in order to facilitate coordination of global policies. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It provides technical assistance and training for developing countries
It provides a forum for trade negotiations
It handles trade disputes
Developing countries should be offered flexibility with respect to lowering their trade barriers, more time to adjust to change and special privileges. What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
The WTO continues the GATT's emphasis on equal, non-discriminatory treatment for all member countries (excepting trading blocs). What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
Unfair practices such as dumping and export subsidies are discouraged. What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
Trade barriers should be lowered through negotiations. What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
Governments, firms, investors etc., should have confidence that trade barriers will not be raised arbitrarily. What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
Anymore question about WTO? Please type it here
I know WTO well now.
Agree
Disagree
The GATT was based on the following principles
Non-discrimination
Elimination of non-tariff trade barriers
Consultations to resolve trade disputes
______________ refers to protect international trade from trade related investment measure that countries adopt to protect their domestic trade.
TRIPS
TRIMS
GATS
AOA
WTO helps in the implementation and administration of international trade agreements. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It administers WTO trade agreements
It provides a forum for trade negotiations
It handles trade disputes
When WTO members disagree on trade issues, the WTO makes decisions to resolve the differences on the basis of the legal foundations of the trade agreement. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It administers WTO trade agreements
It provides a forum for trade negotiations
It handles trade disputes
The WTO carries out periodic reviews of its members' national trade policies. Members are required to notify the WTO of any changes in trade policy. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It provides technical assistance and training for developing countries
It provides a forum for trade negotiations
It handles trade disputes
The WTO cooperates with World Bank in order to facilitate coordination of global policies. What is this function?
It facilitates co-operation with other international organisations
It monitors national trade policies
It provides technical assistance and training for developing countries
It provides a forum for trade negotiations
It handles trade disputes
Developing countries should be offered flexibility with respect to lowering their trade barriers, more time to adjust to change and special privileges. What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
The WTO continues the GATT's emphasis on equal, non-discriminatory treatment for all member countries (excepting trading blocs). What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
Unfair practices such as dumping and export subsidies are discouraged. What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
Trade barriers should be lowered through negotiations. What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
Governments, firms, investors etc., should have confidence that trade barriers will not be raised arbitrarily. What principle is this?
Non-discrimination
Free trade
Predictability
Promotion of fair competition
Development and economic reform should be encouraged
Where is the headquarter of the WTO?
New York
Washington DC
Geneva
London
Which is not the objective of the WTO?
Negotiating trade rules
Settling disputes
Maintaining open trade
To improve the Balance of Payment situation of the member countries
Which is the function of The WTO?
Building Trade Capacity
Dispute Settlement
Trade Negotiations
All of the above are correct
How many members does the WTO currently have?
163
164
165
166
The _______ initiated reductions in subsidies and trade barriers to make markets fairer and more competitive.
TRIPs
TRIMs
AoA
GATS
TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is administered by:
World Bank (WB)
United Nations Organization (UNO)
World Trade Organization (WTO)
United Nations Conference on Trade and Development (UNCTAD)
WTO is the successor of?
IMF
GATT
EFTA
SAPTA
