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________ is a permanent forum for negotiating, implementing, and monitoring international trade procedures and for mediating trade disputes among member countries.Group of answer choicesInternational Labor OrganizationEuropean UnionWorld BankWorld Trade OrganizationNext

Question

________ is a permanent forum for negotiating, implementing, and monitoring international trade procedures and for mediating trade disputes among member countries.Group of answer choicesInternational Labor OrganizationEuropean UnionWorld BankWorld Trade OrganizationNext

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Solution

The World Trade Organization is a permanent forum for negotiating, implementing, and monitoring international trade procedures and for mediating trade disputes among member countries.

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An international organization that helps to promote and regulate trade between nations, including negotiating international trading agreements and helping to resolve trading disputes.Group of answer choicesGlobalizationCapitalismWorld Trade OrganizationTariff

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 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.to refer the dispute to the Free Trade Commission for settlement.a consultation and, if necessary, conciliation procedure—essentially a diplomatic solution.

International Trade Centre is the Joint Agency of -----Select one:a.WTOb.IMFc.GATTd.UNCTAD

Day-to-Day work in between the ministerial conferences is handled bySelect one:a.The General Councilb.The Dispute Settlement Bodyc.The Trade Policy Review Bodyd.All of the above

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)

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