Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: World Trade Organization builds a trade network beyond sovereign states.
Reason R: Some of the World Trade Organization's members are not formally recognized as states.
In the light of the above statements, choose the most appropriate answer from the options given below
This question requires analyzing two statements, Assertion A and Reason R, about the World Trade Organization (WTO) and determining their validity and relationship.
Assertion A Analysis: WTO Trade Network
Assertion A states that the World Trade Organization builds a trade network beyond sovereign states. International organizations like the WTO facilitate global trade rules and networks that connect numerous sovereign states. This network operates on a supranational level, influencing and coordinating trade policies among member nations, thus extending beyond the individual jurisdiction of any single state.
Reason R Analysis: WTO Membership
Reason R suggests that some of the World Trade Organization's members are not formally recognized as states. While most WTO members are indeed sovereign states, certain entities participate in the WTO system in ways that are not strictly limited to recognized states. For example, the European Union (EU) acts as a single member, representing its member states in trade negotiations. Additionally, some territories may have distinct trade relations or observer status without being independent states.
Relationship Between Assertion A and Reason R
The fact that entities like the EU participate as a unified bloc in the WTO (as stated in Reason R) supports the idea that the WTO's trade network operates on a level that transcends the simple aggregation of individual sovereign states (as stated in Assertion A). The WTO framework creates a collective system and set of rules that bind members, establishing a network with characteristics that go beyond the isolated capacities of sovereign nations.
Therefore, both Assertion A and Reason R are correct, and Reason R serves as a valid explanation for Assertion A.
Important Questions from World Trade Organization
- Arrange chronologically the following negotiations of GATT between 1947 to 1994 which led to the formation of WTO?
A. Annecy
B. Kennedy Round
C. Tokyo
D. Torquay
Choose the correct answer from the options given below: - Which of the following modes of the General Agreement on Trade in Services (GATS) mandates 'Commercial presence'?
- Which of the following statements are correct in reference to the WTO?
A. Agreement on Agriculture has provisions for the domestic support commitment
B. Doha Development Round commenced in 1995
C. Issue of patenting is covered under Trade - Related Investment Measures (TRIMs)
D. G-20 emerged in response to the Cancun agenda in 2003
Choose the most appropriate answer from the options given below : - Which of the following are the key objectives of WTO?
A. To set rules for international trade
B. To resolve trade disputes
C. To resolve border disputes
D. To provide a forum for negotiating trade liberalisation
Choose the correct answer from the options given below: - In WTO terminology, subsidies in general are identified by “boxes”. Domestic support measure considered to distort production and trade, which is defined in Article 6 of the Agriculture Agreement falls into which box?
