Question
The earlier name of WTO was
The correct answer is
GATT
WTO Predecessor: Understanding GATT
The World Trade Organization (WTO) is the primary global body overseeing international trade rules. Before the WTO existed, the framework for international trade was largely governed by the General Agreement on Tariffs and Trade (GATT).
The GATT was established in 1948. The WTO was officially created on January 1, 1995, following the Uruguay Round of trade negotiations, and it formally superseded the GATT. Therefore, GATT was the earlier name or the direct predecessor to the WTO.
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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?
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