Question
Which of the following is the apex decision -making body of WTO?
The correct answer is
Ministerial Conference
WTO Apex Decision-Making Body Identified
The World Trade Organization (WTO) is a global international organization that deals with the rules of trade between nations. Understanding its structure is key to grasping its function.
Ministerial Conference: The Highest Authority
The apex or highest decision-making body within the WTO is the Ministerial Conference.
- It brings together trade ministers from all member governments.
- It convenes at least once every two years.
- It has the authority to make decisions on all matters under any of the multilateral trade agreements.
Other WTO Bodies Explained
While other bodies are crucial, they are subordinate to the Ministerial Conference:
- General Council: Acts on behalf of the Ministerial Conference when ministers are not assembled. It serves as the main venue for dispute settlement and oversees the regular functioning of the WTO.
- Executive Council: This is not a standard or official body within the WTO's defined structure.
- TRIMS (Trade-Related Investment Measures): This is an agreement administered by the WTO, not a decision-making body.
Therefore, the Ministerial Conference holds the ultimate decision-making power in 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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