Question 1

The GATT dispute panel found that Thailand's regulations on the importation of cigarettes was justified.

Accepted Answer

A) True 
 B)False

Question 2

In the United States,technical regulations and product standards can be set by:

Accepted Answer

A)  The Department of Agriculture. 
B)  The Consumer Product Safety Commission. 
C)  The Food and Drug Administration. 
D)  The Department of Transportation. 
E)  all of these are correct. 
A)  The Department of Agriculture. 
B)  The Consumer Product Safety Commission. 
C)  The Food and Drug Administration. 
D)  The Department of Transportation. 
E)  all of these are correct.

Question 3

A product standard is a technical requirement imposed by the Department of Commerce's technical bureau as to the product's characteristics before permitted into the country.

Accepted Answer

A) True 
 B)False

Question 4

The first multilateral,legally enforceable agreement to establish rules for international trade in services was:

Accepted Answer

A)  The General Agreement on Trade in Services of 1994. 
B)  Trade in Services Act of 1947. 
C)  The Multilateral Agreement on Trade in Services of 1994. 
D)  The General Agreement on Trade in Services of 1947. 
A)  The General Agreement on Trade in Services of 1994. 
B)  Trade in Services Act of 1947. 
C)  The Multilateral Agreement on Trade in Services of 1994. 
D)  The General Agreement on Trade in Services of 1947.

Question 5

Restrictions a nation places on foreign investment that adversely affect trade in goods or services are called:

Accepted Answer

A)  trade restrictions. 
B)  trade-related investment measures. 
C)  tariffs. 
D)  foreign interest restrictions. 
A)  trade restrictions. 
B)  trade-related investment measures. 
C)  tariffs. 
D)  foreign interest restrictions.

Question 6

Domestic agriculture support programs are politically charged issues that are obstacles to achieving the principles of GATT/WTO.

Accepted Answer

A) True 
 B)False

Question 7

The Japanese technical barriers are imposed to protect its citizens and based on performance standards.

Accepted Answer

A) True 
 B)False

Question 8

The GATT 1994 Agreement on Import Licensing Procedures provides strict guidelines for licensing paperwork.Licenses can be refused if any of the procedures are not strictly followed.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements regarding the 1994 Agreement on Import Licensing Procedures is false?

Accepted Answer

A)  Applications should not be refused because of minor errors in paperwork. 
B)  The WTO Import Licensing Committee must be notified if any new products will become subject to licensing requirements. 
C)  It calls for the procedures to be fair, reasonable, and nondiscriminatory. 
D)  Where licenses are used to administer quotas, the amount of the quota already used must be published for all importers to see. 
E)  All of these are correct. 
A)  Applications should not be refused because of minor errors in paperwork. 
B)  The WTO Import Licensing Committee must be notified if any new products will become subject to licensing requirements. 
C)  It calls for the procedures to be fair, reasonable, and nondiscriminatory. 
D)  Where licenses are used to administer quotas, the amount of the quota already used must be published for all importers to see. 
E)  All of these are correct.

Question 10

Compare and contrast some of the remedies and sanctions under Section 301.

Accepted Answer

Section 301 of the Trade Act of 1974 all

Question 11

Under GATT,an exception from the national treatment provision is granted to allow governments to favor domestic suppliers.

Accepted Answer

A) True 
 B)False

Question 12

The WTO Agreement on Government Procurement (1994):

Accepted Answer

A)  requires fair, open, and nondiscriminatory procurement practices. 
B)  has been extended to cover electronic procurements. 
C)  applies only to those countries who have signed it. 
D)  applies to the purchase of goods and services over $182,000. 
E)  all of these are correct. 
A)  requires fair, open, and nondiscriminatory procurement practices. 
B)  has been extended to cover electronic procurements. 
C)  applies only to those countries who have signed it. 
D)  applies to the purchase of goods and services over $182,000. 
E)  all of these are correct.

Question 13

Trade retaliation under U.S.Section 301 is mandatory if the U.S.trade representative determines a country permits forced labor.

Accepted Answer

A) True 
 B)False

Question 14

The principle of least-restrictive trade means that otherwise valid restrictions on trade can be no more restrictive than necessary to achieve the goals for which they were imposed.

Accepted Answer

A) True 
 B)False

Question 15

Section 301 refers to:

Accepted Answer

A)  a law that permits the United States to retaliate unilaterally against other countries that violate GATT. 
B)  a law that permits the United States to retaliate unilaterally against countries that are unfair in restricting the import of U.S. goods or services. 
C)  a law that contains four different provisions. 
D)  a law that is based on the Omnibus Trade and Competitiveness Act of 1988. 
E)  all these are true regarding Section 301. 
A)  a law that permits the United States to retaliate unilaterally against other countries that violate GATT. 
B)  a law that permits the United States to retaliate unilaterally against countries that are unfair in restricting the import of U.S. goods or services. 
C)  a law that contains four different provisions. 
D)  a law that is based on the Omnibus Trade and Competitiveness Act of 1988. 
E)  all these are true regarding Section 301.

Question 16

Regarding Thailand's importation of cigarettes:

Accepted Answer

A)  it was found that cigarettes made in the U.S. could not meet Thailand's standards. 
B)  Thailand's licensing system for cigarettes was not justified. 
C)  Thailand's licensing system for cigarettes was needed to protect its domestic industries. 
D)  the U.S. was not allowing Thailand to import enough U.S. cigarettes to meet demand. 
A)  it was found that cigarettes made in the U.S. could not meet Thailand's standards. 
B)  Thailand's licensing system for cigarettes was not justified. 
C)  Thailand's licensing system for cigarettes was needed to protect its domestic industries. 
D)  the U.S. was not allowing Thailand to import enough U.S. cigarettes to meet demand.

Question 17

Considering the problems with "mad cow" disease in the U.K.(and,perhaps,adjacent countries),write a regulation pertaining to the import of European beef.

Accepted Answer

In order to address the concerns related

Question 18

Which of the following statements is true regarding trade in agriculture?

Accepted Answer

A)  The United States exports almost 50 percent of its agricultural production. 
B)  In general, governments let agricultural markets operate on the free trade principle. 
C)  Nations do not mind being reliant on other countries for their food supply. 
D)  Most countries impose strict restrictions on both raw and processed food products. 
A)  The United States exports almost 50 percent of its agricultural production. 
B)  In general, governments let agricultural markets operate on the free trade principle. 
C)  Nations do not mind being reliant on other countries for their food supply. 
D)  Most countries impose strict restrictions on both raw and processed food products.

Question 19

Consider the benefits and detriments of bringing an IPR dispute before the WTO and the USTR.

Accepted Answer

Bringing an IPR dispute before the World

Question 20

Trade discrimination can occur even when imported and domestic products are treated the same.

Accepted Answer

A) True 
 B)False

Exam 10: Laws Governing Access to Foreign Markets

The GATT dispute panel found that Thailand's regulations on the importation of cigarettes was justified.

In the United States,technical regulations and product standards can be set by:

A product standard is a technical requirement imposed by the Department of Commerce's technical bureau as to the product's characteristics before permitted into the country.

The first multilateral,legally enforceable agreement to establish rules for international trade in services was:

Restrictions a nation places on foreign investment that adversely affect trade in goods or services are called:

Domestic agriculture support programs are politically charged issues that are obstacles to achieving the principles of GATT/WTO.

The Japanese technical barriers are imposed to protect its citizens and based on performance standards.

The GATT 1994 Agreement on Import Licensing Procedures provides strict guidelines for licensing paperwork.Licenses can be refused if any of the procedures are not strictly followed.

Which of the following statements regarding the 1994 Agreement on Import Licensing Procedures is false?

Compare and contrast some of the remedies and sanctions under Section 301.

Under GATT,an exception from the national treatment provision is granted to allow governments to favor domestic suppliers.

The WTO Agreement on Government Procurement (1994):

Trade retaliation under U.S.Section 301 is mandatory if the U.S.trade representative determines a country permits forced labor.

The principle of least-restrictive trade means that otherwise valid restrictions on trade can be no more restrictive than necessary to achieve the goals for which they were imposed.

Section 301 refers to:

Regarding Thailand's importation of cigarettes:

Considering the problems with "mad cow" disease in the U.K.(and,perhaps,adjacent countries),write a regulation pertaining to the import of European beef.

Which of the following statements is true regarding trade in agriculture?

Consider the benefits and detriments of bringing an IPR dispute before the WTO and the USTR.

Trade discrimination can occur even when imported and domestic products are treated the same.

Introduction to International Business

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

The Documentary Sale and Terms of Trade

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

North American Free Trade Law

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters