International trade Organizations - WTO

When was the World Trade Organization (WTO) established?

• 1944

• 1964

• 1995

• 1961

Which city is the headquarters of the WTO?

• Geneva, Switzerland

• Manila, Philippines

• Paris, France

• Washington, D.C., USA

Which international organization focuses on providing financial and technical assistance to developing countries in the Asia-Pacific region?

• Asian Development Bank (ADB)

• World Bank Group

• International Monetary Fund (IMF)

• United Nations Conference on Trade and Development (UNCTAD)

What is the main objective of the International Trade Centre (ITC)?

• Support the internationalization of small and medium-sized enterprises (SMEs)

• Conduct research on trade policies

• Promote international monetary cooperation

• Provide financial assistance to developing countries

Which international organization aims to promote policies that improve the economic and social well-being of people around the world?

• World Bank Group

• Asian Development Bank (ADB)

• International Trade Centre (ITC)

• Organization for Economic Cooperation and Development (OECD)

What is the primary function of the World Trade Organization (WTO)?

• Coordinate development projects in developing countries

• Conduct research on international trade trends

• Regulate global rules of trade between nations

• Provide financial assistance to member countries

Which agreement replaced the General Agreement on Tariffs and Trade (GATT) and established the WTO?

• Doha Agreement

• Marrakesh Agreement

• Paris Agreement

• Kyoto Agreement

What is the principle of Most-Favored-Nation (MFN) treatment in the WTO?

• Giving preferential treatment to certain member countries

• Extending the same trade advantages to all member countries

• Implementing discriminatory trade policies

• Exempting certain goods from tariffs

Which WTO principle requires that foreign goods and services be treated no less favorably than domestic ones?

• Transparency

• Reciprocity

• Most-Favored-Nation (MFN) Treatment

• National Treatment

What is the role of the Dispute Settlement Body (DSB) in the WTO?

• Monitor global trade trends

• Settle disputes between member countries regarding trade agreements

• Provide technical assistance to developing countries

• Conduct regular reviews of trade policies