World Trade Organisation

Question 1

When was the World Trade Organisation established?

Answer 1

1 January 1995

Question 2

Where are the World Trade Organisation headquarters?

Answer 2

Geneva, Switzerland

Question 3

How many member countries does the World Trade Organisation have?

Answer 3

164 member countries - about 98% of global trade

Question 4

What is the main goal of the WTO?

Answer 4

The main goal of the WTO is to regulate international trade and ensure that trade flows as smoothly, predictably, and freely as possible

Question 5

What are the objectives of the WTO?

Answer 5

• Promote free trade
• Provide a platform for negotiations
• Resolve disputes
• Encourage trade liberalisation
• Development and assistance

Question 6

How does the WTO promote free trade?

Answer 6

Reduce tariffs, trade barriers, and subsidies, encouraging free and fair trade between countries

Question 7

How does the WTO promote provide a platform for negotiations?

Answer 7

The WTO serves as a forum where member countries can negotiate and discuss trade agreements and resolve disputes

Question 8

How does the WTO promote resolve disputes?

Answer 8

The WTO has a dispute settlement mechanism to settle trade conflicts between countries, ensuring that trade rules are followed

Question 9

How does the WTO encourage trade liberalisation?

Answer 9

Through agreements like the General Agreement on Tariffs and Trade (GATT), the WTO encourages the gradual reduction of trade barriers and tariffs

Question 10

How does the WTO develop and assist?

Answer 10

The WTO aims to help developing countries integrate into the global trading system and benefit from trade by providing technical assistance and offering special provisions