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