Identify the principles of trade policy framework from the followings under the WTO: (A) Reciprocity and transparent (B) Benefactory and resilient (C) Non-discriminatory (D) Binding and enforceable commitments (E) Protective and benevolent Choose the correct answer from the options given below:
(A), (C) and (D) only
The WTO framework includes non-discrimination, transparency and predictable binding commitments, alongside reciprocal negotiations. Thus A, C and D are the appropriate principles; the other phrases are not standard WTO principles.
Important Questions from World Trade Organisation (WTO)
- Intellectual property rights regime is managed by :
The Government of India appointed ______ as the country's G20 Sherpa in September 2021.
Nearly ___________________ countries of the world are currently members of the WTO. (as on June 2014)
Sequence the following different settlement stages of the WTO dispute settlement System.
A. Retaliation
B. Implementation
C. Panel Review
D. Appellate
E. Consultations
Choose the correct answer from the options given below:
Which combination of the following is correct with regard to World Trade Organization (WTO) :
(a) WTO initiates peace process among the member countries to enhance international trade.
(b) WTO avoids the task of “Settlement of Disputes” among the member countries.
(c) WTO administers the “Trade Review Mechanism”.
(d) WTO cooperates in an appropriate manner with the IMF and the World Bank.
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