WTO GATS Waiver for Least-Developed Countries
The question concerns a specific decision made during the World Trade Organization (WTO) 8th Ministerial Conference.
This decision involved a waiver related to Article II (Most-Favoured-Nation Treatment) of the General Agreement on Trade in Services (GATS).
The purpose of the waiver was to allow WTO members to grant preferential treatment in services and service supply.
This preferential treatment was specifically permitted for services and service suppliers originating from:
- Least-Developed Countries (LDCs)
Therefore, the waiver enables enhanced trade opportunities for LDCs in the services sector among WTO members.
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?
