Which strait is a major shipping route between the Indian Ocean and the Pacific Ocean?
Answer
Strait of Malacca
96 Global Trade And Imports Exports Trivia Questions with Answers
96 public questions with answers, drawn from the well. How many can you answer?
Which 1944 agreement created the Benelux Customs Union?
Answer
London Customs Convention
Which organization publishes the annual World Trade Statistical Review?
Answer
World Trade Organization
What does the WTO agreement known as TRIPS protect in international trade?
Answer
Intellectual property
Which 1992 agreement created the ASEAN Free Trade Area?
Answer
CEPT Agreement
What trade document certifies the country where exported goods were produced?
Answer
Certificate of origin
Which 1960 treaty established the European Free Trade Association?
Answer
Stockholm Convention
What is the Harmonized System used for in international trade?
Answer
Classifying traded goods
Which agreement created the WTO after the Uruguay Round of trade negotiations?
Answer
Marrakesh Agreement
Which WTO principle requires members to extend their best trade treatment to all other WTO members?
Answer
Most-favoured-nation principle
Which 1930 United States law sharply raised tariffs on thousands of imported goods?
Answer
Smoot–Hawley Tariff Act
Which company, founded in 1602, became the world’s first publicly traded company?
Answer
Dutch East India Company
Which 1973 agreement created the Caribbean Community, commonly called CARICOM?
Answer
Treaty of Chaguaramas
What is a tariff in international trade?
Answer
A tax on imports
Which European port is the largest by total cargo throughput?
Answer
Port of Rotterdam
Which port handled the most container traffic worldwide in 2023?
Answer
Port of Shanghai
Which 1846 British law repealed the Corn Laws and marked a major shift toward free trade?
Answer
Importation Act 1846
Which 1991 treaty established Mercosur as a common market among Argentina, Brazil, Paraguay and Uruguay?
Answer
Treaty of Asunción
Which 1860 treaty created the first modern free-trade agreement between Britain and France?
Answer
Cobden–Chevalier Treaty
Which agreement became the world’s largest free-trade bloc when it entered into force in 2022?
Answer
Regional Comprehensive Economic Partnership
Which free-trade agreement replaced NAFTA in 2020?
Answer
USMCA
Which 1947 agreement formed the original framework for reducing tariffs in world trade?
Answer
General Agreement on Tariffs and Trade
What economic term describes a country exporting more goods than it imports?
Answer
Trade surplus
What is the standard unit equal to one 20-foot shipping container?
Answer
Twenty-foot equivalent unit
What does the shipping term FOB mean in international trade?
Answer
Free On Board
Which organization replaced GATT as the main global trade body in 1995?
Answer
World Trade Organization