Podcast
Questions and Answers
What was the initial focus of the negotiating rounds under the General Agreement?
What was the initial focus of the negotiating rounds under the General Agreement?
- Reduction of non-tariff barriers
- Settling trade disputes
- Tariff reductions (correct)
- Expansion of trade in services
What was the average tariff rate for major industrialized countries at the end of World War II?
What was the average tariff rate for major industrialized countries at the end of World War II?
- Around 5%
- Around 10%
- Around 20%
- Around 40% (correct)
Which of the following is a shortcoming of GATT as stated in the text?
Which of the following is a shortcoming of GATT as stated in the text?
- Successful negotiation rounds
- Limited applicability of the agreed-upon rules (correct)
- High growth rate of world merchandise trade
- Formal organizational structure
What has the GATT system been credited with considerable success in removing?
What has the GATT system been credited with considerable success in removing?
What is one notable effect of GATT's success in reducing average tariffs?
What is one notable effect of GATT's success in reducing average tariffs?
What was a significant problem regarding the tariff lines bound by developing countries?
What was a significant problem regarding the tariff lines bound by developing countries?
How did agriculture and clothing and textiles differ from other products in terms of GATT disciplines?
How did agriculture and clothing and textiles differ from other products in terms of GATT disciplines?
How did parties accomplish safeguard goals despite ignoring the rules for imposing safeguard measures?
How did parties accomplish safeguard goals despite ignoring the rules for imposing safeguard measures?
What was the impact of the breakdown in the application of agreed-upon rules on GATT as a trading system?
What was the impact of the breakdown in the application of agreed-upon rules on GATT as a trading system?
What was a problem apparent in the functioning of GATT’s dispute settlement system?
What was a problem apparent in the functioning of GATT’s dispute settlement system?
Which principle is not one of the main principles of GATT according to the text?
Which principle is not one of the main principles of GATT according to the text?
What are the main objectives of the General Agreement on Tariffs and Trade (GATT) as mentioned in the text?
What are the main objectives of the General Agreement on Tariffs and Trade (GATT) as mentioned in the text?
What was the General Agreement between nations from 1948 until the advent of the WTO?
What was the General Agreement between nations from 1948 until the advent of the WTO?
What was included in GATT 1994 according to the text?
What was included in GATT 1994 according to the text?
What is a functional goal of GATT as mentioned in the text?
What is a functional goal of GATT as mentioned in the text?
What was the role of the GATT system in settling trade disputes?
What was the role of the GATT system in settling trade disputes?
What was a key shortcoming of the GATT system?
What was a key shortcoming of the GATT system?
How did the GATT system address barriers to trade in goods?
How did the GATT system address barriers to trade in goods?
What is the current average tariff rate for major industrialized countries, as mentioned in the text?
What is the current average tariff rate for major industrialized countries, as mentioned in the text?
How did GATT's negotiating rounds initially focus on reducing barriers to trade?
How did GATT's negotiating rounds initially focus on reducing barriers to trade?
What were some of the shortcomings of GATT's dispute settlement system?
What were some of the shortcomings of GATT's dispute settlement system?
How did parties accomplish safeguard goals despite the breakdown in implementing GATT rules?
How did parties accomplish safeguard goals despite the breakdown in implementing GATT rules?
Which areas of trade effectively escaped GATT disciplines over time?
Which areas of trade effectively escaped GATT disciplines over time?
What was the primary method used by developing country contracting parties to protect industries injured by imports?
What was the primary method used by developing country contracting parties to protect industries injured by imports?
How was the breakdown in the application of the agreed-upon rules viewed in relation to GATT?
How was the breakdown in the application of the agreed-upon rules viewed in relation to GATT?
What is the primary focus of the General Agreement on Tariffs and Trade (GATT) dispute settlement mechanism?
What is the primary focus of the General Agreement on Tariffs and Trade (GATT) dispute settlement mechanism?
Which principle of GATT is related to the dispute settlement mechanism?
Which principle of GATT is related to the dispute settlement mechanism?
What was given particular attention to in the General Agreement on Tariffs and Trade (GATT) with respect to developing countries?
What was given particular attention to in the General Agreement on Tariffs and Trade (GATT) with respect to developing countries?
Which of the following principles of GATT is NOT related to the dispute settlement mechanism?
Which of the following principles of GATT is NOT related to the dispute settlement mechanism?
What has been one of the main functional goals with respect to the dispute settlement mechanism in the General Agreement on Tariffs and Trade (GATT)?
What has been one of the main functional goals with respect to the dispute settlement mechanism in the General Agreement on Tariffs and Trade (GATT)?
What was a significant issue with many contracting parties, particularly developing countries, in relation to their tariff lines?
What was a significant issue with many contracting parties, particularly developing countries, in relation to their tariff lines?
Which two major areas of trade effectively escaped GATT disciplines over time?
Which two major areas of trade effectively escaped GATT disciplines over time?
How did parties accomplish safeguard goals, despite the provision for imposing safeguard measures under GATT rules?
How did parties accomplish safeguard goals, despite the provision for imposing safeguard measures under GATT rules?
What was viewed as undermining the idea of GATT as a rule-based multilateral-trading system?
What was viewed as undermining the idea of GATT as a rule-based multilateral-trading system?
In terms of its dispute settlement system, how did GATT compare to other forms of state-to-state dispute settlement?
In terms of its dispute settlement system, how did GATT compare to other forms of state-to-state dispute settlement?
What was a common alternative to imposing safeguard measures under GATT rules?
What was a common alternative to imposing safeguard measures under GATT rules?
What was the predominant method used by developing countries in relation to their tariff lines?
What was the predominant method used by developing countries in relation to their tariff lines?
'Questionable legality' under GATT rules refers to which aspect of safeguard measures?
'Questionable legality' under GATT rules refers to which aspect of safeguard measures?
'Considerable delays in various parts of the process' refers to which part of GATT's functioning?
'Considerable delays in various parts of the process' refers to which part of GATT's functioning?
What impact did the breakdown in the application of agreed-upon rules have on GATT?
What impact did the breakdown in the application of agreed-upon rules have on GATT?
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