Ⅰ. Translate the following institution names into Chinese and explain their basics to your classmates in your own words.

　　1. World Trade Organization __世界贸易组织_____________

　　2. International Chamber of Commerce __国际商会_____________

　　3. United Nations Conference on Trade & Development _联合国贸易和发展会议________

　　4. World Bank __世界银行__________

　　5. International Monetary Funds __国际货币基金组织_____________

　　6. The Ministry of Commerce of the People’s Republic of China ___中华人民共和国商务部___

　　7. The China Council for the Promotion of International Trade __中国国际贸易促进委员会___

　　8. General Administration of Customs of the People’s Republic of China 中华人民共和国海关总署

　　9. General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China _国家质量监督检验检疫总局____

　　Ⅱ. Judge whether the following statements are true or not through your research and share your opinion with your classmates.

　　1. China is now the biggest country in the world in terms of export an import volume. (F)

　　2. According to Factor-Proportion Theory, China shall only produce labor intensive products.(T)

　　3. GSP tariff rate is the lowest compared with MFN Tariff Rate and General Tariff Rate.(T)

　　4. Intoterms 2000 specify all the obligations of the seller and the buyer in a trade transaction. (F)

　　5. Most of the international transactions are paid by letter of credit. (F)