Where is WTO headquartered? Take the Rediff Biz Quiz and find out how much you know about the World Trade Organization.
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1. The World Trade Organization was the successor of which trade body? a) World Trade Agreement b) General Agreement on Trade in Services c) General Agreement on Tariffs and Trade
Wrong! Try again..
Wrong! The correct answer is General Agreement on Tariffs and Trade . WTO came into being in 1995 and was the successor to the General Agreement on Tariffs and Trade, which was established in the wake of the Second World War. WTO is the only international organisation dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
Correct! WTO came into being in 1995 and was the successor to the General Agreement on Tariffs and Trade, which was established in the wake of the Second World War. WTO is the only international organisation dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
2. How many countries are members of the WTO? a) 143 b) 144 c) 146
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Wrong! The correct answer is 146. Over three quarters of WTO members are developing or least-developed countries. All WTO agreements contain special provision for them, including longer time periods to implement agreements and commitments, measures to increase their trading opportunities and support to help them build the infrastructure for WTO work, handle disputes, and implement technical standards.
Correct! Over three quarters of WTO members are developing or least-developed countries. All WTO agreements contain special provision for them, including longer time periods to implement agreements and commitments, measures to increase their trading opportunities and support to help them build the infrastructure for WTO work, handle disputes, and implement technical standards.
3. Name the oldest and latest member of WTO. a) United States, Armenia b) United States, Former Yugoslav Republic of Macedonia c) Neither
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Wrong! The correct answer is Neither. Seventy-nine countries including India, Pakistan, Sri Lanka, Bangladesh, the United States, the United Kingdom, Australia, Canada, France, Germany, Italy, Spain became members of the world trade body on January1, 1995. The Former Yugoslav Republic of Macedonia became a member of WTO on April 4, 2003. International recognition of The Former Yugoslav Republic of Macedonia's independence from Yugoslavia in 1991 was delayed by Greece's objection to the new state's use of what it considered a Hellenic name and symbols. Greece finally lifted its trade blockade in 1995. Incidentally, China became a WTO member on December 11, 2001.
Correct! Seventy-nine countries including India, Pakistan, Sri Lanka, Bangladesh, the United States, the United Kingdom, Australia, Canada, France, Germany, Italy, Spain became members of the world trade body on January1, 1995. The Former Yugoslav Republic of Macedonia became a member of WTO on April 4, 2003. International recognition of The Former Yugoslav Republic of Macedonia's independence from Yugoslavia in 1991 was delayed by Greece's objection to the new state's use of what it considered a Hellenic name and symbols. Greece finally lifted its trade blockade in 1995. Incidentally, China became a WTO member on December 11, 2001.
4. Where was the Fourth Ministerial Conference held? a) Seattle, USA b) Doha, Qatar c) Cancun, Mexico
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Wrong! The correct answer is Doha, Qatar. At the Fourth Ministerial Conference in Doha, Qatar, in November 2001, WTO member governments agreed to launch new negotiations. Former Union Commerce Minister Murasoli Maran led the Indian delegation. India scored a major victory on the issue of patent rules - known as Trade-Related Intellectual Property Rights or TRIPS. The Fifth WTO Ministerial Conference was held in Cancún, Mexico in September 2003.
Correct! At the Fourth Ministerial Conference in Doha, Qatar, in November 2001, WTO member governments agreed to launch new negotiations. Former Union Commerce Minister Murasoli Maran led the Indian delegation. India scored a major victory on the issue of patent rules - known as Trade-Related Intellectual Property Rights or TRIPS. The Fifth WTO Ministerial Conference was held in Cancún, Mexico in September 2003.
5. Where is WTO headquartered? a) New York b) London c) Geneva
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Wrong! The correct answer is Geneva. The WTO Secretariat, based in Geneva, has around 550 staff and is headed by Director-general Supachai Panitchpakdi. Its annual budget is roughly 155 million Swiss francs. It does not have branch offices outside Geneva. Since decisions are taken by the members themselves, the Secretariat does not have the decision-making role that other inter national bureaucracies are given. The WTO's top-level decision-making body is the Ministerial Conference, which meets at least once every two years.
Correct! The WTO Secretariat, based in Geneva, has around 550 staff and is headed by Director-general Supachai Panitchpakdi. Its annual budget is roughly 155 million Swiss francs. It does not have branch offices outside Geneva. Since decisions are taken by the members themselves, the Secretariat does not have the decision-making role that other inter national bureaucracies are given. The WTO's top-level decision-making body is the Ministerial Conference, which meets at least once every two years.