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Understanding the World Trade Organization (WTO): Key Facts and Procedures

Learn about the establishment, languages, dispute settlement, accession, and agreements of the WTO. Explore key procedures and concepts like MFN treatment and GATT differences.

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Understanding the World Trade Organization (WTO): Key Facts and Procedures

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  1. Review

  2. True or false • 1. The WTO was established on Jan, 1st, 1995. • 2. The official language of the WTO is English, French and Germany. • 3. The WTO is the only international organization dealing with the global rules of trade between nations. At its heart are the Uruguay agreements.

  3. 4. The GATT was a provisional set of rules but was the only multilateral instrument to enhance the world trade development. • 5. Chinese WTO-Acession documents are authentic in the Chinese language. • 6. The WTO makes decisions by consensus, but voting is forbidden. • 7. Schedules of Concession are preferential schedules which establish the ceiling bindings.

  4. 8. The WTO dispute settlement system is a government-to-government dispute settlement system for disputes concerning rights and obligations of WTO Members。 • 9. The AB can reexamine existing evidence or examine new evidence. • 10. Those periods for each stage of a dispute settlement procedure are target figures---the agreement is flexible.

  5. Multiple choice • 1. The main subject covered in eight round talks was _____. • a. tariffs b. anti-dumping c. non-tariff measures d. agriculture • 2. There are _____annexes under the WTO Agreement. • a. one b. two c. three d. four • 3. China’s successful accession to the WTO was in _____ Ministerial Conference. • a. Singapore b. Doha c. Cancun d. Seattle

  6. 4. General Council convenes to discharge the responsibilities of______ or _____. • a. DSB TPRB b. DSU TPRM c. AB TRIPs d. TRIPs Secretariat • 5. All WTO members may participate in all councils, committees, etc. including____. • a. the Appellate Body • b. Dispute Settlement panels • c. plurilateral committees • d. the DSB

  7. 6. Decisions on accession are taken by the Ministerial Conference, which shall be approved by a_____ majority of the Member of the WTO. • a. 1/3 b. 2/3 c. ¾ d. 2/5 • 7. ___ tariff is set as a percent of value of imported goods. • a. ad hoc b. ad valorem c. acta d. actio • 8. ____ is not one of the dispute settlement method. • a. consultations b. arbitration • c. coin toss d. adjudication

  8. 9. The rule of negative consensus does not apply in the _____ stage of dispute settlement . • a. panel establishment • b. adoption of reports • c. authorization of retaliation • d. composition of AB

  9. 10. A typical dispute can be settled through _____. • a. consultation—panel—appeal—implementation • b. consultation—appeal—panel—implementation • c. mediation---panel---retaliation---appeal • d. mediation---retaliation---appeal--panel

  10. Translation • 1.部长级会议 • 2.关税与贸易总协定 • 3.政府采购 • 4.与贸易有关的知识产权理事会 • 5.最惠国待遇 • 6.斡旋，调解，调停 • 7.反驳 • 8.中期报告

  11. Questions • 1. What are the differences between GATT and WTO? • 2. What do the MFN treatment obligation and the national treatment obligation have in common? In what do they differ? • 3. What are the most significant changes made to the GATT dispute settlement system by the DSU? • 4. Describe the basic procedures of a typical dispute settlement.

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