Which of the following countries/territories is not a member of the WTO?

This question was previously asked in
UGC NET Paper-2: Commerce 25th Dec 2021 Shift 2
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  1. China
  2. Russia
  3. Iran
  4. Taiwan

Answer (Detailed Solution Below)

Option 3 : Iran
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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50 Questions 100 Marks 60 Mins

Detailed Solution

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Iran is not a member of WTO. Hence, correct answer is Iran

Key Points Word Trade Organisation:

  • The World Trade Organisation (WTO) is an international trade organisation.
  • It establishes the regulations that govern products, services, agricultural and industrial items, and intellectual property exchange between countries.
  • WTO was established in 1995.
  • It was formed in the wake of World War II.
  • The 1947 General Agreement on GATT was annulled.
  • As of 2021, there are 164 member countries in the World Trade Organisation.
  • Afghanistan is the most recent member, joining in July 2016.
  • Its headquarter is in Geneva (Switzerland).

Iran is not a member of the WTO in the above option.

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