Week 4: South-South Trade Deal by the World Economic Forum Supplementary article

Question 1

In which year was the GSTP agreement established?

Answer 1

1989

Question 2

What is one of the key goals of the GSTP in terms of health sector improvement?

Answer 2

Improve access to essential medical supplies and facilitate trade in health services.

Question 3

What advantage does the GSTP framework offer its members in the context of low-carbon technologies?

Answer 3

It offers a large aggregate market to build value chains for low-carbon technologies (LCTs).

Question 4

How does GSTP help with food security among its participants?
Answer

Answer 4

It improves access, availability, and affordability of food while supporting export and import diversification.

Question 5

Name one natural material that GSTP members can trade to promote a circular economy.

Answer 5

Seaweed, bamboo, jute, or coconut husks

Question 6

What is the primary aim of the Global System of Trade Preferences (GSTP)?
A) Promote trade between developed countries
B) Facilitate trade in medical supplies
C) Promote trade among developing countries
D) Ensure free trade globally

Answer 6

C) Promote trade among developing countries

Question 7

How many countries are part of the GSTP agreement?
A) 20
B) 42
C) 16
D) 55

Answer 7

B) 42

Question 8

Which of the following is a sector that GSTP can help improve through South-South cooperation?
A) Technology transfer for space exploration
B) Renewable energy production
C) Financial investment between developed countries
D) Textile industry

Answer 8

B) Renewable energy production

Question 9

What percentage of global merchandise imports do GSTP members represent?
A) 10%
B) 5%
C) 20%
D) 30%

Answer 9

C) 20%

Question 10

Which of the following regions does NOT have members participating in GSTP?
A) Africa
B) Asia
C) North America
D) Latin America

Answer 10

C) North America