Font size
WorksheetsQuizz No. 2
Total questions: 15
Worksheet time: 22mins
The World Trade Organization (WTO) was established to replace the General Agreement on Tariffs and Trade (GATT) in 1995, aiming to enhance global trade cooperation.
True
False
They were the rounds of multilateral trade negotiations that went beyond tariff reductions with the objective of liberalizing non-tariff trade barriers.
Kennedy Round and Doha Round
Dillon Round and Kennedy Round
Tokyo Round and Uruguay Round
Ginebra Round and Uruguay Round
Which of the following measures is designed to prevent unfair trade practices that harm domestic industries?
Safeguard measures
Import quotas
Tariffs
All of the above
One of the primary objectives of the World Trade Organization (WTO) is to ensure fair competition in international trade. This principle is violated when a foreign company sells its goods in another country at a price that is less than the price it charges in its home market. What is this practice called?
(a)
It is also part of the WTO framework, enables governments to take temporary trade measures to protect domestic industries from sudden and significant import surges that threaten to cause serious harm. These measures, can be in the form of increased import duties or quantitative restrictions.
(a)
These duties are intended to counteract any unfair competitive advantage that foreigners may gain over domestic producers due to foreign subsidies.
(a)
it is aimed to reduce trade barriers and to promote transparent Market access and integration of global markets. Domestic Support: one od its main pillars is domestic support, it calls for reduction in domestic subsidies that distorts free trade and fair price.
subsidies are categorized into:
a) Green box
b) Amber box
c) Black box
a) Green box
b) Blue box
c) Red box
a) Grey box
b) Amber box
c) Yellow Box
a) Green box
b) Amber box
c) Blue Box
It is designed to protect various forms property including patents, trademarks, copyrights, and trade secrets, in the global marketplace.
(a)
they are signs used on products that have a specific geographical origin and possess qualities or a reputation attributable to that origin.
Geographical Indications (GIs)
IPR (intellectual Property Rights)
Copyrights
Trademarks
This agreement provides protection for industrial property including patents, trademarks, and industrial designs. It enables individuals or businesses to seek protection for their IP rights in multiple countries by filing one application with their national IP office.
Paris Convention
Madrid Convention
Uruguay Convention
Tokio convention
None of them
Coca-Cola’s iconic bottle shape, Google PageRank, 3D printing technology, and detecting computer viruses are examples of
(a)
These materials : Architectural works, including blueprints, Sound recordings, Audiovisual works, including motion pictures, Artwork, Dramatic works, including any accompanying music
Musical works, including any accompanying words, Literary works, Choreographic works, are examples of:
(a)
These are example of secrets unknown of competitors, thata provide a competitive advantage: KFC’s secret blend of 11 herbs and spices, Coca-Cola’s recipe for their signature drink, Google’s search algorithm, McDonald’s Big Mac “special sauce”, Techniques for converting raw materials into other usable materials.
(a)
That is, the good is obtained in or produced entirely in the territory of one or more of the treaty countriesThat is, the good is obtained in or produced entirely in the territory of one or more of the treaty countries.
Totally Original
minimis
Jump Tariff
Value of regional content
This term in turn has two variants that allow the exporter to determine, choosing one variant or another, the value of the inputs that were incorporated from the region into the final export product, and determine whether the good can be considered regional and, therefore, susceptible to preferential treatment.
Minimis
Tariff Jump
Totally Original
Value of regional content.
