World Trade Organisation

Question 1

Formed as a result of _____________ agreement in?

Answer 1

Marrakesh Agreement in 1995

Question 2

Preceded by ?

Answer 2

WTO is the succeeding organisation of GATT (General Agreement on Trade and Tariff) formed in 1947

Question 3

WTO Dispute Settlement Mechanism?

Answer 3

7 member committee with a 4-year term for judgement in trade related disputes.

This body is redundant since 2019

Question 4

Total WTO members?

Answer 4

164 members
Afghanistan is the newest member, joining effective July 2016.

Question 5

WTo headquarters?

Answer 5

Geneva, Switzerland

Question 6

Current director general of WTO?

Answer 6

Ngozi Okonjo-Iweala
Director General term of WTO - 4years

Question 7

GATT organised conferences from 1986-1994 called as?

Answer 7

Uruguay Rounds (8 rounds total)

Question 8

WTO ministerial conferences (MC’s) ?

Answer 8

Top most decision making body meets every 2 years.

MC12 — Geneva, June 2022
MC11 — Buenos Aires, Dec 2017

MC10 — Nairobi, December 2015

Question 9

The initial plan before GATT was to create?

Answer 9

ITO - International Trade Organisation
The efforts to establish the ITO failed and the GATT served for several years as an organization