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Functions of the WTO

Description: This quiz is designed to test your knowledge about the functions of the World Trade Organization (WTO).
Number of Questions: 15
Created by:
Tags: wto international trade trade agreements
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What is the primary objective of the WTO?

  1. To promote free trade among its member countries.

  2. To regulate the global financial system.

  3. To promote sustainable development.

  4. To resolve trade disputes among its member countries.

Show answer
Correct Option: A
Explanation:

The WTO's primary objective is to promote free trade among its member countries by reducing trade barriers and ensuring that trade flows smoothly.

How many member countries does the WTO have as of 2023?

  1. 164

  2. 193

  3. 206

  4. 220

Show answer
Correct Option: A
Explanation:

As of 2023, the WTO has 164 member countries.

What is the highest decision-making body of the WTO?

  1. The Ministerial Conference

  2. The General Council

  3. The Dispute Settlement Body

  4. The Trade Policy Review Body

Show answer
Correct Option: A
Explanation:

The Ministerial Conference is the highest decision-making body of the WTO and meets at least once every two years.

What is the function of the General Council of the WTO?

  1. To oversee the day-to-day operations of the WTO.

  2. To resolve trade disputes among member countries.

  3. To conduct trade policy reviews of member countries.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The General Council is responsible for overseeing the day-to-day operations of the WTO and implementing the decisions taken by the Ministerial Conference.

What is the role of the Dispute Settlement Body (DSB) of the WTO?

  1. To resolve trade disputes among member countries.

  2. To oversee the day-to-day operations of the WTO.

  3. To conduct trade policy reviews of member countries.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The DSB is responsible for resolving trade disputes among member countries through a process of consultation, mediation, and adjudication.

What is the purpose of the Trade Policy Review Mechanism (TPRM) of the WTO?

  1. To conduct trade policy reviews of member countries.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The TPRM is responsible for conducting trade policy reviews of member countries to assess their trade policies and practices and to make recommendations for improvements.

What is the function of the Committee on Trade and Environment (CTE) of the WTO?

  1. To promote sustainable development.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The CTE is responsible for promoting sustainable development by addressing the relationship between trade and environmental protection.

What is the role of the Committee on Trade and Development (CTD) of the WTO?

  1. To promote the interests of developing countries in the WTO.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The CTD is responsible for promoting the interests of developing countries in the WTO and ensuring that their concerns are taken into account in the organization's work.

What is the function of the Committee on Regional Trade Agreements (CRTA) of the WTO?

  1. To oversee the implementation of regional trade agreements.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The CRTA is responsible for overseeing the implementation of regional trade agreements and ensuring that they are consistent with WTO rules.

What is the role of the Committee on Trade in Financial Services (CTFS) of the WTO?

  1. To promote the liberalization of trade in financial services.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The CTFS is responsible for promoting the liberalization of trade in financial services and ensuring that trade in financial services is conducted in a fair and transparent manner.

What is the function of the Committee on Trade and Investment (CTI) of the WTO?

  1. To promote investment and trade liberalization.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The CTI is responsible for promoting investment and trade liberalization and ensuring that investment and trade policies are mutually supportive.

What is the role of the Committee on Trade and Competition (CTC) of the WTO?

  1. To promote competition and trade liberalization.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The CTC is responsible for promoting competition and trade liberalization and ensuring that competition policies are consistent with WTO rules.

What is the function of the Committee on Government Procurement (CGP) of the WTO?

  1. To promote transparency and fairness in government procurement.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The CGP is responsible for promoting transparency and fairness in government procurement and ensuring that government procurement is conducted in a non-discriminatory manner.

What is the role of the Committee on Sanitary and Phytosanitary Measures (SPS) of the WTO?

  1. To ensure that sanitary and phytosanitary measures are based on scientific evidence.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The SPS is responsible for ensuring that sanitary and phytosanitary measures are based on scientific evidence and are not used as disguised trade barriers.

What is the function of the Committee on Technical Barriers to Trade (TBT) of the WTO?

  1. To ensure that technical regulations and standards do not create unnecessary barriers to trade.

  2. To resolve trade disputes among member countries.

  3. To oversee the day-to-day operations of the WTO.

  4. To negotiate new trade agreements.

Show answer
Correct Option: A
Explanation:

The TBT is responsible for ensuring that technical regulations and standards do not create unnecessary barriers to trade and are based on international standards.

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