What is the role played by developing country Members in the WTO dispute settlement system?Select one:a.Developing country Members of the WTO have so far never used the dispute settlement system.b.Developing country Members have brought quite a few disputes during the first years of the WTO dispute settlement system, but then stopped using that system.c.Developing country Members, including least-developed country Members of the WTO are among the regular users of the dispute settlement system.d.Developing country Members regularly and increasingly use the dispute settlement system. Least-developed country Members of the WTO have so far been neither a complainant nor a respondent but they have participated as third parties.

The components of WTO areSelect one:a.Ministerial conferenceb.Disputes settlement bodyc.Director Generald.All of the above

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 countriesNext

A country that joins the WTO is required to increase its international trade with other member countries.Group of answer choicesTrueFalse

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.

The World Trade Organization provides two procedures for the resolution of disputes between countries. One way is to request the WTO Council to appoint a "panel" to adjudicate the dispute; the other way is        Group of answer choicesto refer the dispute to the Free Trade Commission for settlement.a consultation and, if necessary, conciliation procedure—essentially a diplomatic solution.to submit to the International Compensation Board, who will review the matter and publish a report with their recommendations.to turn over the matter to the International Mediation Review Board.Next