The WTO Flashcards
(6 cards)
1
Q
What is the WTO? What did it used to be called? When was it set up?
A
the world trade organisation
1955
general agreement on tariffs and trade (GATT) which was set up after WW2
2
Q
When did the UK join GATT & WTO?
A
GATT 1948
WTO 1955
3
Q
how many WTO members are there
A
164 countries
4
Q
where are the WTO headquarters
A
Geneva, Switzerland
5
Q
What is the role of the WTO
A
global organisation dealing with trading rules between nations
6
Q
what does the WTO claim to do?
A
- cut living cots and raise standards
- settle trade disputes and reduce trade tensions
- encourage economic growth and employment
- help countries to develop
- give the weak a stronger voice
- contribute to peace and stability
- cut the cost of doing business
