Question 1

NAFTA has had a modest positive effect on U.S. net exports, income, investment, and jobs.

Accepted Answer

A) True 
 B)False

Question 2

What are the arguments for and against granting reciprocity of professional licenses where domestic rules regarding the initial grant of those licenses differ (for example,the rules for becoming a doctor or lawyer and being admitted to the practice are different in each country)?

Accepted Answer

The argument for granting reciprocity of

Question 3

Create a regulation regarding reciprocity of professional licenses.

Accepted Answer

Regulation regarding reciprocity of prof

Question 4

Which of the following statements is untrue regarding intellectual property rights as covered under NAFTA?

Accepted Answer

A)  NAFTA's provisions protect the intellectual property rights of North American firms. 
B)  NAFTA requires that each country enforce its intellectual property rights to prevent smuggling of counterfeit items. 
C)  Specific provisions prohibit the use of geographic regions (e.g. Kentucky bourbon) unless the products are actually derived from that area. 
D)  Copyrights will be protected equally in all three countries. 
E)  All of these statements are true. 
A)  NAFTA's provisions protect the intellectual property rights of North American firms. 
B)  NAFTA requires that each country enforce its intellectual property rights to prevent smuggling of counterfeit items. 
C)  Specific provisions prohibit the use of geographic regions (e.g. Kentucky bourbon) unless the products are actually derived from that area. 
D)  Copyrights will be protected equally in all three countries. 
E)  All of these statements are true.

Question 5

The maquiladoras along the U.S.and Mexican border are regulated under NAFTA.

Accepted Answer

A) True 
 B)False

Question 6

How are the IPR provisions of NAFTA similar or dissimilar to those of TRIPS? Of the U.S.?

Accepted Answer

The IPR provisions of NAFTA and TRIPS ar

Question 7

Under NAFTA,a customs broker must have an office or residence within the borders of a country in order to do business in that country.

Accepted Answer

A) True 
 B)False

Question 8

Draft a new NAFTA clause regarding an environmental or labor protection issue (you may also wish to consider environmental measures applicable to investment).

Accepted Answer

New NAFTA Clause: Environmental and Labo

Question 9

Canada,Mexico,and the United States phased out,over a ten-year period,all tariffs on textile and apparel goods that met the North American rules of origin.

Accepted Answer

A) True 
 B)False

Question 10

An argument that was used in support of NAFTA's passage in the U.S.was that:

Accepted Answer

A)  U.S. shipments to Mexico faced tariffs two-and-a-half times the average U.S. rates. 
B)  tougher environmental laws in Mexico would eventually be applied to all three countries. 
C)  lower wages in Mexico would lead to more jobs being created in Mexico. 
D)  the cultures of all three countries would not be affected by NAFTA. 
A)  U.S. shipments to Mexico faced tariffs two-and-a-half times the average U.S. rates. 
B)  tougher environmental laws in Mexico would eventually be applied to all three countries. 
C)  lower wages in Mexico would lead to more jobs being created in Mexico. 
D)  the cultures of all three countries would not be affected by NAFTA.

Question 11

The Fair Trade Commission:

Accepted Answer

A)  attempts to settle disputes that arise over NAFTA. 
B)  is a law-making body that was formed by NAFTA. 
C)  was created by NAFTA to help promote fair trade. 
D)  will be phased out over the next ten years. 
A)  attempts to settle disputes that arise over NAFTA. 
B)  is a law-making body that was formed by NAFTA. 
C)  was created by NAFTA to help promote fair trade. 
D)  will be phased out over the next ten years.

Question 12

In Samsonite v.United States,the court found that:

Accepted Answer

A)  Samsonite luggage was causing serious injury to the Canadian luggage market. 
B)  processing of the metal strips was a fabrication, and therefore not qualified for duty-free treatment. 
C)  the processing of the metal strips was a mere assembly and therefore qualified for duty-free treatment. 
D)  Samsonite luggage did not cause serious injury to the Mexican luggage industry. 
A)  Samsonite luggage was causing serious injury to the Canadian luggage market. 
B)  processing of the metal strips was a fabrication, and therefore not qualified for duty-free treatment. 
C)  the processing of the metal strips was a mere assembly and therefore qualified for duty-free treatment. 
D)  Samsonite luggage did not cause serious injury to the Mexican luggage industry.

Question 13

Under NAFTA,a country can make citizenship a requirement for intellectual property rights protection.

Accepted Answer

A) True 
 B)False

Question 14

Under NAFTA as a common market for labor and workers have the freedom of movement within the United States,Canada,and Mexico.

Accepted Answer

A) True 
 B)False

Question 15

Presume that the Caribbean countries have been granted NAFTA membership.Design a plan for phasing them into membership.

Accepted Answer

Phasing the Caribbean countries into NAF

Question 16

Which of the following statements is untrue regarding NAFTA and nontariff barriers?

Accepted Answer

A)  Most nontariff barriers were to be eliminated within five years under NAFTA. 
B)  NAFTA prohibits new export taxes on goods under any circumstances. 
C)  Special rules allow each country to impose import restrictions to protect human, animal or plant life, or the environment. 
D)  Customer user fees were to be eliminated by 1999. 
A)  Most nontariff barriers were to be eliminated within five years under NAFTA. 
B)  NAFTA prohibits new export taxes on goods under any circumstances. 
C)  Special rules allow each country to impose import restrictions to protect human, animal or plant life, or the environment. 
D)  Customer user fees were to be eliminated by 1999.

Question 17

Canada and the United States are each other's largest trading partners.

Accepted Answer

A) True 
 B)False

Question 18

Mexico's marking and labeling requirements are very easy to comply with and help promote trade with both the U.S.and Canada.

Accepted Answer

A) True 
 B)False

Question 19

In Samsonite Corporation v.United States,the Court ruled out the lower's court decision as the luggage handles were assembled in Mexico and therefore are not subjected to duties.

Accepted Answer

A) True 
 B)False

Question 20

Regarding NAFTA's investment provisions:

Accepted Answer

A)  domestically owned companies are given priority over foreign-owned firms. 
B)  Mexico has stricter environmental laws than the United States. 
C)  firms operating in any NAFTA country can convert foreign exchange at local banks. 
D)  local firms owned by investors from other NAFTA countries must fill senior management positions with local citizens. 
A)  domestically owned companies are given priority over foreign-owned firms. 
B)  Mexico has stricter environmental laws than the United States. 
C)  firms operating in any NAFTA country can convert foreign exchange at local banks. 
D)  local firms owned by investors from other NAFTA countries must fill senior management positions with local citizens.

Exam 14: North American Free Trade Law

NAFTA has had a modest positive effect on U.S. net exports, income, investment, and jobs.

What are the arguments for and against granting reciprocity of professional licenses where domestic rules regarding the initial grant of those licenses differ (for example,the rules for becoming a doctor or lawyer and being admitted to the practice are different in each country)?

Create a regulation regarding reciprocity of professional licenses.

Which of the following statements is untrue regarding intellectual property rights as covered under NAFTA?

The maquiladoras along the U.S.and Mexican border are regulated under NAFTA.

How are the IPR provisions of NAFTA similar or dissimilar to those of TRIPS? Of the U.S.?

Under NAFTA,a customs broker must have an office or residence within the borders of a country in order to do business in that country.

Draft a new NAFTA clause regarding an environmental or labor protection issue (you may also wish to consider environmental measures applicable to investment).

Canada,Mexico,and the United States phased out,over a ten-year period,all tariffs on textile and apparel goods that met the North American rules of origin.

An argument that was used in support of NAFTA's passage in the U.S.was that:

The Fair Trade Commission:

In Samsonite v.United States,the court found that:

Under NAFTA,a country can make citizenship a requirement for intellectual property rights protection.

Under NAFTA as a common market for labor and workers have the freedom of movement within the United States,Canada,and Mexico.

Presume that the Caribbean countries have been granted NAFTA membership.Design a plan for phasing them into membership.

Which of the following statements is untrue regarding NAFTA and nontariff barriers?

Canada and the United States are each other's largest trading partners.

Mexico's marking and labeling requirements are very easy to comply with and help promote trade with both the U.S.and Canada.

In Samsonite Corporation v.United States,the Court ruled out the lower's court decision as the luggage handles were assembled in Mexico and therefore are not subjected to duties.

Regarding NAFTA's investment provisions:

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

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

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

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