International Trade Law: World Trade Organization (WTO) and GATT

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Questions and Answers

What is the main focus of the WTO agreements?

Trade in goods and services

What is the goal of the WTO?

To help producers, exporters, and importers conduct their business

How many members are there in the WTO as of July 2016?

164 members

Which state is a conspicuous exception as it is not yet a member of the WTO?

Russia Signup and view all the answers

Which country recently joined the WTO in 2001?

China Signup and view all the answers

What is the first article of the General Agreement on Tariffs and Trade (GATT)?

Most-favoured-nation (MFN) treatment Signup and view all the answers

Which three main areas of trade are covered by the WTO?

Goods, services, and intellectual property rights Signup and view all the answers

Under what circumstances are countries allowed to discriminate in services?

In limited circumstances Signup and view all the answers

What is the purpose of a free trade agreement?

To apply only to goods traded within the group Signup and view all the answers

What does the principle of most-favoured-nation (MFN) treatment require of a country when it lowers a trade barrier or opens up a market?

To do so for the same goods or services from all its trading partners Signup and view all the answers

What is the priority in the General Agreement on Trade in Services (GATS) and the Agreement on TradeRelated Aspects of Intellectual Property Rights (TRIPS)?

Most-favoured-nation (MFN) treatment Signup and view all the answers

What exceptions are allowed under the agreements related to most-favoured-nation (MFN) treatment?

Giving developing countries special access to markets Signup and view all the answers

How should foreign and locally produced goods be treated?

Foreign and locally produced goods should be treated equally Signup and view all the answers

What is the principle of “national treatment” in relation to trade?

Treating foreign products and services the same as domestic ones Signup and view all the answers

When does national treatment apply to a product, service, or intellectual property?

Once it enters the market Signup and view all the answers

What is one of the means of encouraging trade mentioned in the text?

Lowering trade barriers such as tariffs Signup and view all the answers

What was the focus of the trade negotiations during the creation of GATT in 1947-48?

Lowering tariffs on imported goods Signup and view all the answers

What had happened to industrial countries’ tariff rates on industrial goods by the mid-1990s?

They had fallen steadily to less than 4% Signup and view all the answers

Which WTO agreement includes the principle of “national treatment” in Article 17?

Article 17 of GATS Signup and view all the answers

Is charging customs duty on an import considered a violation of national treatment?

No, it is never a violation Signup and view all the answers

What is one of the main purposes of the Doha Development Agenda?

Lowering trade barriers through negotiation Signup and view all the answers

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International Trade Law: World Trade Organization (WTO) and GATT - Lecture 7 (2)

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