Podcast
Questions and Answers
What is required for a state to join the WTO through the accession process?
What is required for a state to join the WTO through the accession process?
- Signing a free trade agreement with a current WTO member
- Approval by the United Nations
- Obtaining permission from the World Bank
- Satisfying domestic legal requirements within the state (correct)
Which of the following is an example of a WTO member that is not a 'state'?
Which of the following is an example of a WTO member that is not a 'state'?
- United States of America
- United Kingdom
- European Union (correct)
- Australia
How long did it take China to finalize the terms of its WTO accession?
How long did it take China to finalize the terms of its WTO accession?
- Less than 5 years
- Exactly 20 years
- More than 15 years (correct)
- Around 10 years
When did the Kingdom of Saudi Arabia become a member of the WTO?
When did the Kingdom of Saudi Arabia become a member of the WTO?
Which state did not become a member of the WTO when it was born in 1995?
Which state did not become a member of the WTO when it was born in 1995?
What was the predecessor of the World Trade Organization (WTO)?
What was the predecessor of the World Trade Organization (WTO)?
What was the last and largest round of GATT that led to the creation of the WTO?
What was the last and largest round of GATT that led to the creation of the WTO?
What are the three broad areas of trade that the WTO covers?
What are the three broad areas of trade that the WTO covers?
What is the main function of the WTO in relation to trade disputes?
What is the main function of the WTO in relation to trade disputes?
When did the World Trade Organization (WTO) come into being?
When did the World Trade Organization (WTO) come into being?
What majority is required for the accession of a new member to the WTO?
What majority is required for the accession of a new member to the WTO?
In practice, how does accession of a new member to the WTO typically occur?
In practice, how does accession of a new member to the WTO typically occur?
What fundamental principle is the foundation of the multilateral trading system according to the text?
What fundamental principle is the foundation of the multilateral trading system according to the text?
What does the 'most favored nation' principle under WTO agreements entail?
What does the 'most favored nation' principle under WTO agreements entail?
What is one potential implication of the requirement for consensus in WTO accession decisions?
What is one potential implication of the requirement for consensus in WTO accession decisions?
What does the World Trade Organization (WTO) primarily deal with?
What does the World Trade Organization (WTO) primarily deal with?
How many members did the WTO have as of July 29, 2016?
How many members did the WTO have as of July 29, 2016?
Which country is engaged in negotiations to join the WTO but is not yet a member?
Which country is engaged in negotiations to join the WTO but is not yet a member?
When did China join the WTO?
When did China join the WTO?
Is it necessary to be a 'state' to become a member of the WTO?
Is it necessary to be a 'state' to become a member of the WTO?
What do the WTO agreements allow countries to do in terms of introducing changes?
What do the WTO agreements allow countries to do in terms of introducing changes?
Why is promising not to raise a trade barrier considered important in the WTO?
Why is promising not to raise a trade barrier considered important in the WTO?
What does it mean for a country to 'bind' their commitments in the WTO?
What does it mean for a country to 'bind' their commitments in the WTO?
Do developing countries and developed countries usually have different rates for taxing imports?
Do developing countries and developed countries usually have different rates for taxing imports?
What is the purpose of the WTO's multilateral trading system?
What is the purpose of the WTO's multilateral trading system?
What is the principle of 'national treatment' in the context of the WTO?
What is the principle of 'national treatment' in the context of the WTO?
When does national treatment apply according to the WTO agreements?
When does national treatment apply according to the WTO agreements?
Which of the following is NOT considered a barrier to trade according to the text?
Which of the following is NOT considered a barrier to trade according to the text?
What was the focus of the initial trade negotiations under GATT's creation?
What was the focus of the initial trade negotiations under GATT's creation?
By the mid-1990s, what happened to industrial countries' tariff rates on industrial goods as a result of negotiations?
By the mid-1990s, what happened to industrial countries' tariff rates on industrial goods as a result of negotiations?
What does the MFN principle refer to in the context of the text?
What does the MFN principle refer to in the context of the text?
What is the significance of the MFN principle in trade agreements?
What is the significance of the MFN principle in trade agreements?
What exception is allowed under the MFN principle, as mentioned in the text?
What exception is allowed under the MFN principle, as mentioned in the text?
In what context can countries discriminate under the MFN principle?
In what context can countries discriminate under the MFN principle?
What is the MFN treatment according to the General Agreement on Tariffs and Trade (GATT)?
What is the MFN treatment according to the General Agreement on Tariffs and Trade (GATT)?
What is allowed under the MFN principle in services, according to the text?
What is allowed under the MFN principle in services, according to the text?
What is the key requirement under the MFN principle when a country lowers a trade barrier or opens up a market?
What is the key requirement under the MFN principle when a country lowers a trade barrier or opens up a market?
Under what conditions are exceptions allowed under the MFN principle?
Under what conditions are exceptions allowed under the MFN principle?
