The World Trade Organization (WTO) bundle of agreements includes the followingGroup of answer choicesGeneral Agreement on Trade in ServicesAgreement on Trade-Related Aspects of Intellectual Property RightsGeneral Agreement on Tariffs and Trade 1994All options are correct.

What is the underlying characteristic of the WTO?Group of answer choicesIt resolves disputes between economic trade blocksIt acts as an umbrella institution that regulates the agreements concluded at the Uruguay round, the organisation’s ultimate goal being the promotion of free international tradeIt facilitates economic co-operation between different countriesIt facilitates the development of less developed countries

The multilateral agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies, and import quotas is the Blank______.Multiple choice question.General Agreement on Information TechnologyGeneral Agreement on Tariffs and TradeTrade-Related Aspects of Intellectual Property RightsTrade-Related Investment Measures

Which among the following are the functions of WTO?Group of answer choicesDispute settlement between trading countriesProvide guidelines, rules, and regulation regarding trade worldwideAll of the options are correctImplementation of trade-related rulesNext

Multiple Choice QuestionWhich trade agreement, originally signed by 23 nations in 1947, provides a forum for tariff negotiations and a place where international trade problems can be discussed and resolved?Multiple choice question.World Trade Organization (WTO)The European UnionNorth American Free Trade Agreement (NAFTA)General Agreement on Tariffs and Trade (GATT)

Which of the following is true of the World Trade Organization (WTO)?Group of answer choicesIts functions are governed by the Rome Statute.Its dispute settlement process is governed by an agreement known as the General Agreement on Tariffs and Trade.It is responsible for implementing and enforcing the rules of international trade between nations.It is the trade-dispute settlement body of the United Nations.