The WTO differs from "GATT 1948" in that the WTO _____.
A) has trade in services as its primary trade focus
B) has provisions that allows members to review other members' trade policies
C) has no rules governing intellectual property rights
D) has no mechanism to settle member disputes

Question

The WTO differs from "GATT 1948" in that the WTO _____.
A) has trade in services as its primary trade focus 
B) has provisions that allows members to review other members' trade policies 
C) has no rules governing intellectual property rights 
D) has no mechanism to settle member disputes

Quizplus · Accepted Answer

The WTO provides a mechanism for members to review and question each other's trade policies. This was not a feature of GATT, which mainly focused on reducing tariffs and other trade barriers. The WTO does have rules governing intellectual property rights (TRIPS Agreement), and it also has a dispute settlement mechanism. While trade in services is an important area of focus for the WTO, it is not the only one.

The WTO Differs from "GATT 1948" in That the WTO