GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A member from WTO cannot set the trade policy which discriminate between its trading partner. It can impose a higher tariff on imports from one country and a lower one on imports from another country.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Several WTO Members have notified that they maintain quantitative restrictions in one form or the other, including widely used measures such as prohibitions or restrictions relating to trade in nuclear materials, narcotic drugs, weapons, and several measures to protect the environment.
Detailed explanation-2: -The correct answer is Non-discrimination. The WTO establishes a framework for trade policies; it does not define or specify outcomes. That is, it is concerned with setting the rules of “trade policy.” Five principles are of particular importance in understanding both the pre-1994 GATT and the WTO.
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