Current Affairs · International Trade Organizations
Which of the following statements are true regarding the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO)? (a) WTO rules are mainly applied to trade in goods, but other areas such as services and intellectual property are not covered by them. (b) GATT had contracting parties, whereas the WTO has members. (c) The dispute settlement system under the WTO is much more efficient, speedy, and transparent, unlike the GATT system which was highly susceptible to blockages.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a) and (c)
- 2(a), (b) and (c)
- 3(b) and (c)✓
- 4(a) and (b)
Correct answer
(b) and (c)
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