Edexcel IGCSE Economics 2.2.2.e role of the World Trade Organization
Practise WTO questions by stating its roles and explaining how negotiations or dispute settlement can support freer trade.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- State WTO roles such as trade negotiations, dispute settlement or rule monitoring.
- Explain how WTO talks can reduce tariffs or quotas in a trade dispute.
- Apply the WTO's role to a conflict involving proposed import tariffs or disputes.
2.2.2.e Role of the World Trade Organization (WTO) question 1
[Maximum number: 3]
In 2017 the US government wanted to introduce a 300% tariff on imported aircraft made by Canadian manufacturer Bombardier.
Explain one way the World Trade Organisation could promote free trade between countries such as Canada and the US.
AO2 3 marks
Award 1 mark for identifying a relevant way.
Award 1 mark for developing the way.
Award 1 mark for the response being in context.
- One way is by the WTO hosting discussions/trade negotiations (1) in which countries such as the US and Canada agree to reductions in tariffs/quotas (1) which should result in greater free trade between countries (1)
- One way is by the WTO having a set of rules (1) These aim to ensure that countries do not introduce tariffs/quotas such as the 300% tariff on aircraft (1) which would restrict free trade between countries (1)
Accept any other appropriate response.
(3)
Question
Number
Indicative content
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