Which 1989 forum promotes economic cooperation and freer trade around the Pacific Rim?
Answer
Asia-Pacific Economic Cooperation
96 Global Trade And Imports Exports Trivia Questions with Answers
96 public questions with answers, drawn from the well. How many can you answer?
What trade mechanism lets a limited quantity enter at a lower tariff than additional imports?
Answer
Tariff-rate quota
What term describes the difference between a country’s value of exports and value of imports?
Answer
Balance of trade
Which European port has long been the continent’s largest seaport by cargo throughput?
Answer
Port of Rotterdam
Which international convention introduced the Harmonized System for classifying traded goods?
Answer
International Convention on the Harmonized Commodity Description and Coding System
Which regional trade agreement was signed in 2020 by 15 Asia-Pacific countries?
Answer
Regional Comprehensive Economic Partnership
Which 2001 World Trade Organization negotiating round was named for Qatar’s capital?
Answer
Doha Development Round
Which 1965 United Nations convention established rules for transit trade among landlocked countries?
Answer
Convention on Transit Trade of Land-locked States
What is the name of the trade finance method in which an exporter receives payment by presenting documents to a bank?
Answer
Documentary collection
What does the trade abbreviation TEU measure in container shipping?
Answer
Twenty-foot equivalent unit
Which organization operates the global system of rules for resolving trade disputes between member governments?
Answer
World Trade Organization
Which Caribbean treaty established the Caribbean Community, commonly known as CARICOM?
Answer
Treaty of Chaguaramas
Which agreement replaced NAFTA in trade relations among Canada, Mexico and the United States?
Answer
United States–Mexico–Canada Agreement
Under the Incoterms rules, what does FOB stand for?
Answer
Free on Board
What was the original name of the World Customs Organization when it was founded in 1952?
Answer
Customs Co-operation Council
Which organization jointly operates the International Trade Centre with the United Nations?
Answer
World Trade Organization
Which international agreement created the Mercosur common market in South America?
Answer
Treaty of Asunción
Which country is the world’s largest exporter of bananas?
Answer
Ecuador
Which 1991 treaty established the South American trade bloc Mercosur?
Answer
Treaty of Asunción
In international trade, what does the Incoterm CIF mean?
Answer
Cost, Insurance and Freight
What is the name of the international rule requiring equal trade treatment for all WTO members?
Answer
Most-favoured-nation treatment
Which 1947 agreement provided the main international framework for reducing tariffs before the WTO existed?
Answer
General Agreement on Tariffs and Trade
Which trade bloc launched the world’s first common external tariff in 1968?
Answer
European Economic Community
Which treaty established the Economic Community of West African States in 1975?
Answer
Treaty of Lagos
Which term describes importing goods for re-export without substantial transformation?
Answer
Entrepôt trade
What trade classification system assigns six-digit codes to internationally traded products?
Answer
Harmonized System
What is the WTO agreement that sets international rules for agricultural trade?
Answer
Agreement on Agriculture
Which canal expansion opened in 2016 to allow larger ships between the Atlantic and Pacific oceans?
Answer
Panama Canal expansion
Which 1996 WTO meeting launched the agenda later known as the Singapore issues?
Answer
First WTO Ministerial Conference
Which international convention limits the liability of sea carriers for cargo under bills of lading?
Answer
Hague-Visby Rules