Question 11 English Language 2017 Medium MCQ +1.00 marks · -0.25 negative

The World Trade Organisation (WTO) was created in the early 1990s as a component of the Uruguay Round negotiation. However, it could have been negotiated as part of the Tokyo Round of the 1970s, since negotiation was an attempt at a ‘constitutional reform’ of the General…

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In the statement ‘... it amounted to a recognition that international trade and its benefits cannot be enjoyed unless trading nations accept the discipline of a negotiated rule-based environment’, it refers to:

A. Ambassador Kantor’s defence of the WTO. B. The export gains many countries came to associate with a rule-based system. C. The higher priority on export gains placed by many countries at the Uruguay Round. D. The provision of a rule-based system by the WTO.

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