WTO Must Be Revitalized, Says S. Korea Trade Minister

The video discusses the need to address normative gaps in the WTO through bilateral agreements and the impact of US restrictions on Chinese companies, affecting global supply chains. It highlights the importance of female representation in international organizations like the WTO and shares the challenges faced by women in leadership roles, emphasizing the need for an inclusive and diverse workplace culture.

What is one of the main challenges the WTO faces according to the first section?

• Over-reliance on unilateral agreements

• Inability to address intellectual property

• Lack of modern technology

• Difficulty in updating rules to address modern trade issues

How might the lack of progress at the WTO affect its members?

• Encourage more members to adopt multilateralism

• Promote global economic stability

• Lead members to resort to bilateralism or unilateralism

• Increase the number of trade disputes

What is a potential consequence of the US restrictions on Chinese companies?

• Increased trade with China

• South Korean companies benefiting from new opportunities

• South Korean companies needing to adjust their supply chains

• A decrease in global trade tensions

Why is female leadership important in international organizations like the WTO?

• It reduces the need for bilateral agreements

• It guarantees better trade agreements

• It fosters an inclusive and diverse workplace culture

• It ensures gender equality in all sectors

What challenge did the first female trade minister in South Korea face?

• Balancing family obligations with work

• Lack of recognition from peers

• Limited access to resources

• Overcoming language barriers