WTO — full form?
World Trade Organization
GATT — signing year?
1947
GATT — main purpose?
Facilitate international trade
GATT rounds — duration?
1947 to 1993
GATT — absorbed into?
WTO in 1995
Trade agreements — examples?
CETA, TTIP
Trade areas — goal?
Reduce barriers, promote cooperation
GATT vs WTO — dispute system?
WTO has a stronger, faster system
GATT — membership?
23 contracting nations
WTO — membership?
164 members
Trade blocs — example?
MERCOSUR, COMESA, AFTA
Regional trade bloc — focus?
Economic integration and free movement
International trade org — primary?
WTO
International sales structure — example?
Subsidiary, agent, branch
Export diagnosis — purpose?
Assess export readiness
Logistics — role?
Manage resource movement efficiently
Transportation modes?
Road, rail, air, sea, pipelines
Incoterms — purpose?
Define responsibilities and risks in trade
Teste dein Wissen mit 9 Fragen zu Global Trade Fundamentals.
1. What is a key characteristic that differentiates the WTO from GATT according to their history and scope?
2. What was a consequence of the expansion of trade areas and agreements leading to the establishment of the WTO?
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