WTO, IPR, and Law of Tort

What does WTO stand for?

• World Trade Organization

• World Trade Association

• World Trade Office

• World Trade Order

Which organization deals with international trade rules?

• United Nations (UN)

• International Monetary Fund (IMF)

• European Union (EU)

• World Trade Organization (WTO)

What is the main purpose of the WTO?

• To regulate domestic trade only

• To restrict international trade

• To promote unfair trade practices

• To ensure the smooth and predictable flow of international trade.

Name one of the subtopics related to WTO.

• Trade agreements

• Tariffs

• Currency exchange rates

• Stock market

What is the WTO Dispute Settlement Mechanism?

• The WTO Dispute Settlement Mechanism is a process used by the United Nations to resolve trade disputes between member countries.

• The WTO Dispute Settlement Mechanism is a process used by the World Health Organization to resolve trade disputes between member countries.

• The WTO Dispute Settlement Mechanism is a process used by the World Bank to resolve trade disputes between member countries.

• The WTO Dispute Settlement Mechanism is a process used by the World Trade Organization to resolve trade disputes between member countries.

How many stages are there in the WTO Dispute Settlement Mechanism?

• 2

• 6

• 8

• 4

What is the role of the Appellate Body in the WTO Dispute Settlement Mechanism?

• The Appellate Body acts as a mediator between disputing parties and helps them reach a mutually agreed settlement.

• The Appellate Body is responsible for conducting investigations and gathering evidence in WTO dispute cases.

• The role of the Appellate Body is to review panel reports and ensure consistency in the interpretation of WTO agreements.

• The Appellate Body is responsible for enforcing trade sanctions against countries found in violation of WTO agreements.

What are Intellectual Property Rights (IPR)?

• Rights granted to individuals or organizations for their financial assets.

• Rights granted to individuals or organizations for their physical property.

• Legal rights granted to individuals or organizations for their creations or inventions.

• Rights granted to individuals or organizations for their personal information.

Why are Intellectual Property Rights important?

• To protect creations of the human mind and encourage innovation and creativity.

• To promote plagiarism and copying.

• To discourage innovation and creativity.

• To limit access to knowledge and hinder progress.

Name one type of Intellectual Property Rights.

• patent

• invention

• copyright

• trademark