WTO Decision-Making and Roles

The video explains the World Trade Organization's (WTO) role in enhancing global trade, improving living standards, and supporting sustainable development. It highlights the WTO's structure, its impact on global trade growth, and poverty reduction. The video discusses the principles of non-discrimination and stability in trade, the alignment with sustainable development goals, and the benefits of WTO membership for developing countries. It concludes with a focus on the future of trade, emphasizing services, digitalization, and inclusivity.

What is one of the primary objectives of the WTO?

• To eliminate all trade rules

• To enhance living standards and create jobs

• To restrict global trade

• To support only developed countries

How are decisions made within the WTO?

• By a single leader

• By consensus among all members

• By a committee of experts

• Through majority voting

What is the basic rule of the WTO regarding trade privileges?

• Trade privileges are decided by the Secretariat

• Trade privileges must be extended to all members

• Trade privileges are only for developed countries

• Trade privileges are exclusive to certain members

What is the WTO's role in the dispute settlement process?

• To resolve disputes through majority voting

• To automatically side with developed countries

• To appoint independent experts to decide on compliance with agreements

• To ignore disputes between members

What is the WTO's approach to services trade?

• To promote it as digital networks and payment systems grow

• To restrict it to certain regions

• To eliminate it completely

• To focus only on physical goods

What is a key focus of the WTO's mission in relation to global challenges?

• To promote trade without any regulations

• To ignore sustainable development goals

• To align with sustainable development goals and address challenges like food security

• To focus solely on economic growth

What benefit does WTO membership provide to developing countries?

• Exemption from all trade rules

• Opportunity to expand markets and integrate into supply chains

• Access to exclusive trade deals

• Immediate economic prosperity

How does the WTO support the economic empowerment of women?

• By excluding them from trade discussions

• By integrating them into the international trading system

• By focusing only on large enterprises

• By providing them with exclusive trade privileges

What is the future of trade according to the WTO?

• It is digital, green, and inclusive

• It is based on traditional methods

• It is exclusive to developed countries

• It is focused only on physical goods

What special provisions do WTO agreements contain for developing economies?

• Exemption from all trade rules

• Exclusive trade privileges

• More time to adjust to new obligations

• Immediate compliance with all rules