Question
The forum which reviews the trade policies of all WTO member countries is which one of the following ?
The correct answer is
TPRB
Understanding WTO Trade Policy Reviews
The World Trade Organization (WTO) has specific bodies to manage its functions. One crucial function is overseeing the trade policies of its member nations.
Identifying the Trade Policy Review Forum
The forum designated to regularly review the trade policies of all WTO member countries is the Trade Policy Review Body (TPRB).
- The TPRB ensures transparency and helps members better understand each other's trade policies and practices.
- It assesses the trade, financial, and development policies of members relative to WTO agreements.
Analyzing Other WTO Bodies
Other options listed represent different functions within the WTO:
- DSB (Dispute Settlement Body): This body handles disputes between member governments regarding trade agreements. It does not review general trade policies.
- TRIPS (Trade-Related Aspects of Intellectual Property Rights): This refers to a specific WTO agreement covering intellectual property rights related to trade, not a review body for general policies.
- General Council: This is the highest decision-making body of the WTO, meeting regularly to conduct the business of the WTO. While it oversees all WTO activities, the specific mandate of reviewing trade policies lies with the TPRB.
Therefore, the TPRB is the correct forum for reviewing the trade policies of all WTO member countries.
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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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