International Trade Theory and Policy
by Steven M. Suranovic

Trade 20

Trade 20

Trade Internet Questions 20 1A

DIRECTIONS: This section asks questions whose answers can be found at a website on the internet.


  1. Go to the web site for the World Trade Organization to find answers to the following questions.
    1. Who is the Director General of the WTO?
    2. In what year was the WTO established?
    3. How many countries are members of the WTO?
    4. How is the WTO different from the GATT?
    5. What is the difference between multilateral and plurilateral agreements?
    6. Explain the principle of "national treatment". Why is an import tariff, which is levied on imported but not domestic goods, NOT considered a violation of national treatment?
    7. Explain what a tariff binding is. Why are these considered important?
    8. What is the Trade Policy Review Mechanism? What is the review schedule?
    9. What were some of the new trade issues covered in the Uruguay Round of trade negotiations?

International Trade Theory and Policy - Chapter 20: Last Updated on 7/4/00