Catholic Trial Multiple Choice Q 1 (1 Viewer)

[StGeorgeDragons]

wat was the answer to multiple choice q1 about which is a multilateral agreement?

there is conflict over whether the answer is WTO OR NAFTA.

 

[mattchan]

The answer was NAFTA i think because i picked WTO and got it wrong , silly mistake.

 

[shiroangel]

WTO is a trade organisation, not a multilateral agreement

 

[ifsonotso_100]

NAFTA, is completely wrong as it is regional so it will be WTO(as being part of WTO means you are part of a multilateral trade agreement)

 

[hyperbole]

I agree with yowiez ans shiroangel.

 

[Jago]

if WW agrees, it must be true.

(seriously, there was no sarcasm there. I would put nafta too)

 

[reemz]

i no i put WTO as well i dont no that 1 was pretty dum? but good... hmm

 

[~ ReNcH ~]

I know for sure that the answer was NAFTA coz I put WTO and got it wrong. Well at least it was targeted at a Band 2 student and not Band 1

 

[sunjet]

lol me and k3tan put WTO and we had a mad argument with teacher saying it was WTO, i still stand by my point , NAFTA is regional, in textbook as well it has WTO as multilateral, meh..

in the exam as well i changed it like 3 times

 

[sunjet]

WTO implements trade agreements, its NOT a multilateral agreement.

NAFTA is a multilateral agreement.

countries have to abide by the rules of the wto and they each sign an agreement.
even leadingedge book says wto is multilateral ;s

 

[sunjet]

edit: btw, about the organisation(forum, disputes etc) bit each country in the WTO also signs a 'WTO agreement' concerning all FTA's making a multi-lateral trade agreement, but i guess that is too much in detail

 

[Rafy]

Nafta could also refer to New Zealand Australia Free Trade agreement (The predecessor to CER)

 

[fantasy27]

i think almost everybody got this question wrong in our class, but we heavily debated it with the teacher because in our textbook:

Australia in the global economy by Tim Dixon and JOhn O Mahony

on page 26 it writes:
"multilateral trading agreements such as the World Trade Organisation (WTO)" [9th line from the bottom]

and so we argued with the teacher about it, but we got no-where he just simply stated "then the textbook is wrong"

 

[ioniser]

The official answer was nafta from the marking criteria answers,i also put down wto

but in my text book by tim riley it says the world trade organisation is the biggest multilateral agreement,but i havent put forward the case yet so maybe ill do that tomorrow

 

[~ ReNcH ~]

What is the WTO?

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.

- http://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm

From that, I would conclude that the WTO is not an agreement in its own right. Rather, it fosters agreements between countries...there's a subtle difference, meaning that NAFTA is actually correct.

 

[~ ReNcH ~]

im gonna ring up tim dixon and say that one sentence in his book cost me a mark in my trials. actually, i think im going to some lecture from leading edge next week, might tell the noobcakes off. haha

Well, the textbook isn't exactly the definitive, all-encompassing source of information. The authors aren't infallible, so you can't really blame them for your 1 lost mark. That said, if you tell them then maybe it will prevent further confusion in years to come.

 

[sunjet]

quote from wto website on what it is: "It’s a set of rules … At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations. These documents provide the legal ground-rules for international commerce. They are essentially contracts, binding governments to keep their trade policies within agreed limits." goes on

 

[mattchan]

My first thought and written answer was WTO in the exam as i have regarded NAFTA has a regional trading bloc/agreement. Your meant to pick the best answer, so i can see why CSSA chose NAFTA.

Go down to GATT

 

[StGeorgeDragons]

something really needs to be done about that textbook, it clearly states WTO is an agreement; which is incorrect.

 

[Conspirocy]

See this is what i think about all this mess. It was a really technical question, which probably wasnt helped by textbooks diagrams e.g. dixon.

anyways the way i see it is
- NAFTA is definetly a multilateral agreement
- WTO is a bit confused about what it actually is

however, if you look at the WTO this way i think it will help clear it up. WTO facilitates multilateral negotiations between countries, however at then end of these negotiations there isnt an agreement called WTO agreement that they just add stuff too. (EDIT: wait after reading all the posts there actually is an WTO agreement who would have guessed. BUT STILL, i think that the point to be made is, if you were actually reffering to the WTO agreement, you would say WTOA not WTO - otherwise how would you distinguish between the two)

Instead i view that the General Agreement on Tariffs and Trade is actualy the agreement from which the WTO is founded upon. so the WTO is actually a body created by an agreement (GATT) to promote multilateral trade negotiation

so TECHNICALLY, if the question had the options of
- NAFTA
- GATT

then either would be correct
- but the WTO is not an agreement

anyways thats how i see it, hope it helps someone