Belarus is not a member of WTO
Q. Which of the following statements is/are correct about WTO?
1. Belarus is not a member of WTO
2. Ministerial Conference is highest decision-making body of WTO meets annually.- Published on 22 Dec 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Only 1
- Ministerial Conference usually meets every two years. It brings together all members of the WTO, all of which are countries or customs unions.
- The 10th ministerial conference took place in Nairobi, Kenya in 2015.
- WTO commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT).
- Belarus remains one of the very few countries in the world that does not belong to the WTO. To name but two issues, the overwhelming role of the state in the economy and its extensive agricultural subsidies are the clearest obstacles for Belarus' accession to the WTO.
