What is the United Nations Conference on Trade and Development?

The video discusses a UN affiliate organization focused on promoting international trade by addressing challenges such as customs, tariffs, and regulatory environments. It highlights the organization's role in negotiating trade norms to facilitate smoother international business and its impact on international law by fostering common understandings among nations.

What is the primary purpose of the UN affiliate organization mentioned in the video?

• To provide financial aid to developing countries

• To promote and foster trade between nations

• To regulate international laws

• To monitor global environmental changes

Which of the following is a common issue faced in international trade?

• Lack of communication

• Cultural differences

• Customs and tariffs

• Political instability

What role does the organization play in addressing trade barriers?

• It enforces international trade laws

• It provides loans to businesses

• It negotiates norms to facilitate trade

• It imposes new tariffs

How does the organization impact international law?

• By bringing nations together for common understandings

• By creating new laws

• By enforcing existing laws

• By penalizing non-compliant countries

What is a potential benefit of the organization's efforts in international trade?

• Increased political tensions

• Higher transaction costs

• Decreased globalization

• Increased level of international business