Chapter 4: The role of the UK within key international organisations - World Trade Organisation (WTO) Flashcards
The World Trade Organisation came into being in what?
The World Trade Organisation came into being in 1955
The World Trade Organisation came into being in 1955, as what?
The World Trade Organisation came into being in 1955, as the successor body to the General Agreement on Tariffs and Trade (GATT)
When was the General Agreement on Tariffs and Trade (GATT) set up?
The General Agreement on Tariffs and Trade (GATT) was set up at the end of the Second World War
The UK was a member of GATT from when?
The UK was a member of GATT from 1948
The UK was a member of GATT from 1948 and joined the WTO when?
The UK was a member of GATT from 1948 and joined the WTO in 1955
How many member countries does the WTO have?
The WTO has 161 member countries
Where are the WTO’s headquarters?
The WTO’s headquarters are in Geneva, Switzerland
The WTO is the only global organisation dealing with what?
The WTO is the only global organisation dealing with trading rules between nations
The WTO claims to cut what and raise what?
The WTO claims to:
- Cut living costs
- Raise living standards
The WTO claims to settle what and reduce what?
The WTO claims to:
- Settle trade disputes
- Reduce trade tensions between nations
The WTO claims to encourage what?
The WTO claims to encourage:
- Economic growth
- Employment
The WTO claims to cut the cost of what?
The WTO claims to cut the cost of doing business
The WTO claims to encourage good what?
The WTO claims to encourage good governance
The WTO claims to help what develop?
The WTO claims to help countries develop
The WTO claims to give the weak a what?
The WTO claims to give the weak a stronger voice
