CA Foundation · Paper 4 · 75 Questions · 3 Levels
Direct recall: definition of RTAs, 8 types of trade agreements (unilateral to economic union), GATT basics, Uruguay Round key facts, WTO’s 6 objectives, MFN principle, National Treatment, WTO structure (Ministerial Conference, General Council), key WTO agreements by name.
Applied: distinguishing FTA vs Customs Union vs Common Market, why GATT became obsolete, Uruguay Round outcomes, WTO guiding principles (progressive liberalisation, predictability, transparency), specific WTO agreements (SPS, TBT, TRIMs, TRIPS, GATS, Anti-Dumping, Agriculture), Doha Round agenda.
ICAI exam-style: statement analysis, scenario-based questions on MFN exceptions, national treatment application, customs union vs FTA trade diversion, G20 trade measures, WTO concerns for developing countries (north-south divide, tariff escalation, preference erosion), plurilateral vs multilateral agreements.
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