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Terms in this set (30)
Who is Robert E. Lighthizer?
a. the Secretary of Commerce
b. the US Trade Representative
c. a Senator
d. a Governor
The Geneva-based WTO was founded in __.
"The __ General Agreement on Tariffs and Trade, the WTO's predecessor, was designed to avoid a repeat
of the collapse of trade in the 1930s that worsened the Great Depression and to eliminate market access as
a reason to go to war."
There are currently __ member of the WTO.
What is not one of the four principles of the WTO?
a. non-discrimination, which means all imports are subject to the same tariff rate, with some exception
b. reciprocity, which balances the reduction of barriers and allows for retaliation
c. no barriers
d. decision-making by consensus
"In 2000, new talks started on agriculture and services. These were incorporated into a broader work
programme, the Doha Development Agenda, launched at the fourth WTO Ministerial Conference in ___, in
WTO members account for __% of world trade.
"The WTO __, based in Geneva, has around 630 staff and is headed by a Director- General. It does not
have branch offices outside ___. Since decisions are taken by the WTO's members, the Secretariat does
not itself have a decision-making role."
Which of the following can the WTO not do?
a. cut living costs and raise living standards
b. settle disputes and reduce trade tension
c. stimulate economic growth and employment
d. deploy troops when the rules are violated
"As part of its trade agenda for 2018, the Trump Administration will continue renegotiating the North
American Free Trade Agreement (NAFTA) to modernize and rebalance the 24-year-old trade pact, as well
as negotiations to amend the ___-U.S. Free Trade Agreement (KORUS) in order to seek fairer, more
How many countries are members in the World Trade Organization?
Which of the following is not a benefit of being a part of the WTO?
A. Most favored nation status
B. Union membership
C. Access to developed markets at a lower tariff rate
D. Lower trade barriers
E. None of the above
What was the predecessor to the World Trade Organization?
C. World Bank
The USTR is in charge of which of the following?
A. Regional and multilateral trade and investment
B. International commodity agreements
C. US import policy negotiations
D. A and B
E. A, B, and C
In response to Chinese trade practices, Trump decided to place tariffs on what two goods on March, 8, 2018?
A. Cotton and crude oil
B. Steel and aluminum
C. Electrical machinery and vehicles
D. Iron and machinery
E. Clothing and plastic items
Which of the following agreements was reached at the Nairobi Ministerial Meeting?
A. Expansion of the Information Technology Agreement
B. Trade Facilitation Agreement
C. Agricultural export subsidy ban
D. A, B, and C
E. B and C
What US industries are most at risk in a trade war with China?
A. Transportation equipment and computers/electronics
B. Chemicals and oil
C. Agricultural products and machinery
D. Medical equipment and natural gas
E. Software and coal
How many free trade agreements is the US a part of?
Who is the current US Trade Representative?
A. Jeff Gerrish
B. CJ Mahoney
C. Robert Lighthizer
D. Gregg Doud
E. Jamieson Greer
Who is the primary purchaser of developing economy exports?
A. Developed nations
B. Developing nations
C. Underdeveloped nations
D. The US alone accounts for 50+%
E. It is split roughly equally
How many countries and members are in the WTO as of July 10, 2018? (1)
Which of these is not a least-developed country in Asia? (1)
Uruguay Round Negotiation lasted from ________ (3)
The WTO began on (3)
a. December 20 1994
b. December 25 1994
c. January 1 1995
d. March 30 1995
General Agreement on Tariffs and Trade (GATT) began in Havana in the year _____
and ended in Marrakesh in the year _______ as a provisional agreement preceding
a. 1945, 1990
b. 1948, 1994
c. 1964, 1994
d. 1964, 1998
How many countries participated in the 1973-1979 Geneva Tokyo Round? (3)
Donor countries committed an average of_____ per year to help developing or LDC
a. $40 billion
b. $55 billion
c. $100 billion
d. $140 billion
Which of the following is NOT an observer government of the WTO? (5)
b. Lebanese Republic
The US and EU settled most of their differences on agriculture in a deal informally
known as the "Blair House Accord" on (3)
a. December 1989
b. November 1992
c. January 1993
d. December 1995
Robert E Lighthizer was sworn in as the ___ USTR Representative on _____. (11)
a. 19th, March 18, 2016
b. 19th, May 15, 2017
c. 20th, August 22, 2017
d. 20th, November 5, 2017
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