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

What is the main focus of the WTO agreements?

  • Trade in goods and services (correct)
  • Ratification of parliaments
  • Membership growth
  • Trade in inventions and creations

    • What is the goal of the WTO?

  • To focus on trade in goods only
  • To increase membership of important trading countries
  • To help producers, exporters, and importers conduct their business (correct)
  • To negotiate and sign trade agreements

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

  • 180 members
  • 200 members
  • 148 members
  • 164 members (correct)

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

    <p>Russia</p> Signup and view all the answers

    Which country recently joined the WTO in 2001?

    <p>China</p> Signup and view all the answers

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

    <p>Most-favoured-nation (MFN) treatment</p> Signup and view all the answers

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

    <p>Goods, services, and intellectual property rights</p> Signup and view all the answers

    Under what circumstances are countries allowed to discriminate in services?

    <p>In limited circumstances</p> Signup and view all the answers

    What is the purpose of a free trade agreement?

    <p>To apply only to goods traded within the group</p> 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?

    <p>To do so for the same goods or services from all its trading partners</p> 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)?

    <p>Most-favoured-nation (MFN) treatment</p> Signup and view all the answers

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

    <p>Giving developing countries special access to markets</p> Signup and view all the answers

    How should foreign and locally produced goods be treated?

    <p><strong>Foreign and locally produced goods should be treated equally</strong></p> Signup and view all the answers

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

    <p>Treating foreign products and services the same as domestic ones</p> Signup and view all the answers

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

    <p>Once it enters the market</p> Signup and view all the answers

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

    <p>Lowering trade barriers such as tariffs</p> Signup and view all the answers

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

    <p>Lowering tariffs on imported goods</p> Signup and view all the answers

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

    <p>They had fallen steadily to less than 4%</p> Signup and view all the answers

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

    <p>Article 17 of GATS</p> Signup and view all the answers

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

    <p>No, it is never a violation</p> Signup and view all the answers

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

    <p>Lowering trade barriers through negotiation</p> Signup and view all the answers

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