Question
Which of the following is not correct regarding W.T.O ?
The correct answer is
It supplies technical assistance and training for developing and developed countries.
WTO Functions Overview
The World Trade Organization (WTO) is responsible for several key functions related to global trade:
- Administering trade agreements between member nations.
- Serving as a forum for governments to negotiate trade agreements and settle trade disputes.
- Monitoring the trade policies of its member countries.
- Providing technical assistance to developing countries to help them trade more effectively.
Incorrect WTO Statement Analysis
The question asks to identify the incorrect statement about the WTO. Let's analyze the options:
- Option 1: The WTO does administer agreements. This is correct.
- Option 2: The WTO serves as a forum for trade negotiations. This is correct.
- Option 3: The WTO monitors national trade policies. This is correct.
- Option 4: This statement claims the WTO supplies technical assistance and training for *both developing and developed* countries. While the WTO does provide technical assistance, it is primarily focused on *developing countries* and least-developed countries to help them build trade capacity. Developed countries typically possess the resources and expertise, so extensive technical assistance is not a primary focus for them from the WTO. Therefore, this statement is not correct.
The incorrect statement is that the WTO supplies technical assistance and training to developed countries in the same way it does for developing ones.
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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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