International Trade Law: WTO Trade Policies

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What is arbitration?

A process that doesn't require any prior agreement

A formal court procedure for resolving disputes

A technique for resolving disputes outside the courts (correct)

A method for negotiation between parties

Who are involved in arbitration?

Arbitrators and conciliators (correct)

Judge and jury

Defendant and plaintiff

Conciliators and parties to a dispute

What is the role of a conciliator?

To act jointly with the arbitrators

To facilitate a less formal form of arbitration (correct)

To review the evidence in a case

To impose a legally binding decision on both sides

When can conciliation occur?

When one party requests the other to appoint a conciliator Signup and view all the answers

In which contexts is arbitration often used?

International commercial transactions Signup and view all the answers

What is the purpose of negotiation?

To reach a mutually beneficial outcome Signup and view all the answers

What happens if a party rejects an offer to conciliate?

The conciliation process is terminated Signup and view all the answers

Where is arbitration frequently employed in the United States?

Employment and consumer matters Signup and view all the answers

How many conciliators are allowed in the conciliation process?

Any number of conciliators allowed Signup and view all the answers

What proportion of WTO members are developing countries and countries in transition to market economies?

Three quarters Signup and view all the answers

During which round of negotiations were developing countries and transition economies more active and influential?

Uruguay Round Signup and view all the answers

What did the agreements at the end of the Uruguay Round give developing countries to adjust to WTO provisions?

Transition periods Signup and view all the answers

Who should accelerate implementing market access commitments on goods exported by the least-developed countries, according to a ministerial decision adopted at the end of the round?

Developed countries Signup and view all the answers

What have developed countries started to allow for almost all products from least-developed countries more recently?

Duty-free and quota-free imports Signup and view all the answers

What provision did GATT have that allowed for special assistance and trade concessions for developing countries?

Provisions favoring developing countries Signup and view all the answers

How long did the Uruguay Round last?

Seven and a half years Signup and view all the answers

What type of imports have developed countries started to allow for almost all products from least-developed countries more recently?

Duty-free and quota-free imports Signup and view all the answers

What is the focus of the current Doha Development Agenda?

Special assistance and trade concessions for developing countries Signup and view all the answers

What is one way to encourage transparency in trade rules?

Discouraging the use of quotas Signup and view all the answers

What is the purpose of the WTO agreements requiring governments to disclose their policies and practices publicly?

To promote transparency Signup and view all the answers

How is the WTO system described in terms of competition?

A system of rules dedicated to open, fair and undistorted competition Signup and view all the answers

What is the purpose of the rules on non-discrimination (MFN and national treatment)?

To secure fair conditions of trade Signup and view all the answers

What are the rules on dumping and subsidies designed to establish?

What is fair or unfair in trade Signup and view all the answers

What is the Trade Policy Review Mechanism used for?

Encouraging transparency in trade policies Signup and view all the answers

What does the WTO system contribute to?

Development Signup and view all the answers

What are the WTO rules dedicated to?

Open, fair and undistorted competition Signup and view all the answers

International Trade Law: WTO Trade Policies - Lecture 8

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