World Trade Organization Concepts

The video provides an overview of the World Trade Organization (WTO), its formation, and its role in regulating international trade. It explains the history of the WTO, including its establishment through the Marrakesh Agreement and its predecessor, the General Agreement on Tariffs and Trade (GATT). The video also covers the structure and membership of the WTO, highlighting key figures like Roberto Azevedo. It discusses the functions of the WTO, such as overseeing trade agreements and settling disputes, and details significant negotiations like the Doha Development Round and the Bali Ministerial Conference.

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

• To regulate international trade

• To promote military alliances

• To manage international tourism

• To control global oil prices

Which agreement led to the formation of the WTO?

• The Kyoto Protocol

• The Paris Agreement

• The Geneva Convention

• The Marrakesh Agreement

What did the WTO replace when it was established?

• The International Monetary Fund

• The General Agreement on Tariffs and Trade (GATT)

• The World Bank

• The United Nations

Where is the Secretariat of the WTO located?

• Paris, France

• London, UK

• New York, USA

• Geneva, Switzerland

Who was the Director-General of the WTO as mentioned in the transcript?

• Christine Lagarde

• Roberto Azevêdo

• Ngozi Okonjo-Iweala

• Pascal Lamy

What is one of the key functions of the WTO?

• To control global climate change initiatives

• To regulate international sports events

• To manage global health policies

• To oversee the implementation of trade agreements

How does the WTO assist in international trade?

• By providing military support

• By offering financial loans

• By settling trade disputes

• By organizing cultural exchanges

What was the focus of the Doha Development Round?

• Lowering trade barriers globally

• Increasing military spending

• Promoting space exploration

• Enhancing global tourism

Where was the 9th Ministerial Conference of the WTO held?

• New Delhi, India

• Doha, Qatar

• Bali, Indonesia

• Geneva, Switzerland

What is the 'Bali Package' associated with?

• A financial aid package

• A trade agreement to lower barriers

• A set of environmental regulations

• A cultural exchange program