III[1] - III - True or False and Simple Choice A. HISTORY...

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III - True or False and Simple Choice A. HISTORY OF CONTEMPORARY INTERNATIONAL TRADE LAW 1. The Bretton Woods System 1. The goal of the “Bretton Woods System” was to establish which of the following organizations to administer and harmonize world trade? a. The Bank for International Settlements. b. The Coordinating Committee on Multilateral Export Controls. c. The International Trade Organization. d. The Trade Policy Review Board. e. The World Trade Organization. 2. The General Agreement on Tariffs and Trade 2. GATT 1947 was both a framework of rules and an institution. 3. Multilateral Trade Negotiations (MTNs) 3. The Multilateral Trade Negotiations (or GATT 1947 “rounds”) were, from the outset, devoted to non-tariff matters and the drafting of non-tariff codes. 4. The Kennedy Round of Multilateral Trade Negotiations (or GATT 1947 “rounds”) established the practice of setting an agenda for and defining the techniques to be used during the negotiations. 4. The Uruguay Round (1986-1994) 5. The Uruguay Round (1986-1994) of Multilateral Trade Negotiations was devoted to: a. adopting new special agreements (e.g., agriculture). b. creating a new World Trade Organization. c. expanding the GATT principles to new fields (e.g., services and intellectual property). d. All of the above. e. None of the above. 5. The Final Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations 6. The Final Act of the Uruguay Round of Multilateral Trade Negotiations is made up of: a. the formal Final Act of the Uruguay Round of Multilateral Trade Negotiations. b. the World Trade Organization Agreement and its annexes. c. Ministerial Declarations, Decisions, and Understandings. d. All of the above.
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e. Both b. and c. above. B. THE WORLD TRADE ORGANIZATION 7. The World Trade Organization is responsible for which of the following? a. Acting as a forum for on-going multilateral trade negotiations. b. Implementing, administering, and carrying out the WTO Agreement and its annexes. c. Serving as a tribunal for resolving disputes. d. All of the above. e. Both b. and c. above. 1. The WTO Agreement 8. Unlike the proposed International Trade Organization’s Havana Charter , the WTO Agreement separates institutional arrangements from the substantive provisions governing world trade. 9. The World Trade Organization is a new supranational organization with the power to usurp sovereignty from its member states. 2. The Membership of the WTO 10. The membership of the WTO is limited to states. Colonies, territories, provinces, and so forth, are not eligible for membership, even if they are responsible for conducting their own trade policies. 11. States that did not become original members of the WTO: a. must negotiate terms of entry with the WTO. b. must be approved for membership by a simple majority vote (half plus one) of the
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III[1] - III - True or False and Simple Choice A. HISTORY...

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