Question

The World Trade Organization (WTO) was built on the basis of the General Agreement on Tariffs and Trade (GATT) and, thus, inherited many of its features. Still, the WTO proved to be a very distinct institution.

Indicate whether each property in the following table is a unique property of the WTO compared to GATT.

Property	Unique Property of WTO
	Yes	No
Acts as a membership organization
Enforces dispute settlements
Reduces national sovereignty
Oversees tariff cuts and reduction of nontariff measures
Encourages retaliatory tariffs

In which of the following cases can the United States raise tariffs on imports from another member of the WTO?

If all members of the WTO are notified

If the United States believes that the existing tariffs are too low

In response to unfair trade practices by that country

When the United States forms a customs union with that country

Answer 1