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Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. Which of the following nation is keen to fortify its interest on WTO platform?
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. Which of the following is the most successful segments of the WTO mentioned in the passage?
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. Why was the WTOs 11th binennial ministerial conference worrisome?
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. What is the biggest threat to WTOs efficacy today?
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. According to the passage, which of the following statement is NOT true?
Which combination of the following is correct with regard to World Trade Organization (WTO) :
1. WTO initiates peace process among the member countries to enhance international trade.
2. WTO avoids the task of "Settlement of Disputes" among the member countries.
3. WTO administers the "Trade Review Mechanism".
4. WTO cooperates in an appropriate manner with the IMF and the World Bank.
Which combination of the following is correct with regard to World Trade Organisation (WTO)?
1. WTO initiates peace process among the member countries to enhance international trade.
2. WTO avoids the task of 'Settlement of Disputes' among the member countries.
3. WTO administers the 'Trade Review Mechanism'.
4. WTO cooperates in an appropriate manner with the IMF and the World Bank.
Consider the following statements regarding World Trade Organization (WTO). 1. The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. 2. WTO can cut the cost of doing business internationally. 3. All the African countries are the members of WTO. Which of the above statements is/are correct?
Which of the given statements are true? Statements: I. World Trade Organisation (WTO) commenced its operations on 1 April 1998. II. WTO commenced its operations under the Marrakesh Agreement, signed by 123 countries. III. As of 2016, the WTO has 164 members.
Which of the following statements are true?
1. WTO rules are mainly applied to trade in goods but other areas such as services, intellectual property etc are not covered by them.
2. GATT had contracting parties, whereas WTO has members.
3. The dispute settlement system under WTO is much more efficient, speedy and transparent unlike the GATT system which was highly susceptible to blockages.