Upgrade to remove ads
Only $35.99/year

Q7 -int law

Terms in this set (30)

In Kirk v. New York State Education Department, the court compared the NAFTA provision about professional licensing of veterinarians to that of New York and ruled that under the Supremacy Clause of the U.S. Constitution, the NAFTA provision preempted the New York law.
True
U.S. businesspeople complain that the quality of manufactured goods in the Mexican maguiladoras plants are below industry standards.
False
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.
True
Trademarks are not protected under NAFTA and the owner of the trademark must register with the United States, Canada, and Mexico.
False
Production sharing is intended to create U.S. jobs by encouraging the use of U.S.-made components when assembly of a product takes place in a foreign country.
True
The passage of NAFTA is unpopular with private sector of the economy in Mexico.
False
Tariff-rate quotas are fixed-rate tariffs on agricultural goods.
False

not quota; tariff rate that increases according to the quantity of goods that may be imported into a country at a given tariff rate.
P. 244
The Uruguay round of tariff negotiations was the first major multilateral trade negotiating session since World War II.
False
In order to make a prima facie case of nullification and impairment, a claimant must prove that the action has trade effects.
False
Each nation has the right to impose import schemes and customs procedures as a means to protect its citizen's public health, safety, and morals.
True
Each nation has the power to regulate imports into the country and the primary mode of control is to regulate import competition.
False
An example of the GATT/WTO dispute settlement mechanism, Apple can file a complaint against Niger's government non-tariff barrier to limit the importation of iPads to the WTO's Dispute Settlement Body.
False
Under the MFN rates the United States can grant lower tariff rates to a less developed country in order to stimulate economic growth?
True
Under the "national treatment" provisions of GATT, imported products may be regulated and taxed differently than domestic goods after they pass the border and enter a nation's stream of commerce.
False
Which of the following is an example of an ad valorem tariff?
A tariff levied as a proportion of the value of an imported good- Calculated by using a percentage- A fixed percentage of the value of the imported product as it enters the country

taxes an import a certain percentage of its price as it crosses the border.
Which of the following is NOT an example of a commonly used trade barrier?
subsidies
Specialization
Which of the following are true regarding WTO dispute settlement procedures?
The five strategies for conflict resolution are avoiding, accommodating, compromising, competing, and collaborating.

NOT:
a.
A complaining party can request consultations to seek a solution.
b.
Even if a solution is not reached, the panel has no authority to authorize trade sanctions.
c.
Other member nations with a "substantial interest" in the case may make written submissions and oral arguments before the panel.
d.
An appellate body of three people will hear appeals from a panel case.
basic principles of GATT except:
Most-Favored-Nation (MFN) Treatment: This is the fundamental principle of the GATT and it is not a coincidence that it appears in Article 1 of the GATT 1947. ...
Reciprocity: GATT advocates the principles of "rights" and "obligations". ...
Transparency: ...
Tariff Binding and Reduction:


Equal, nondiscriminatory treatment of members. - Reduce tariffs, using multilateral negotiations. - Eliminate import quotas.
An embargo can be:
I.A limit on the amount charged for items imported.
II. Government red tape administered by entrenched bureaucrats.
I


the most restrictive of the direct non-tariff barriers.
Can be either a complete ban on trade with a certain foreign nation or a ban on the sale or transfer of specific products or tech; can be both on imports and exports
The U.S. Department of Defense needs to buy several million dollars worth of tires for its armored personnel carriers. An American manufacturer can supply the tires for $20 million. A foreign supplier can provide the tires for $15 million. Under these facts:
A U.S. statute requires that government buy from U.S. supplier
Virtually all nations provide import protection for domestic agricultural interests:
I. And the GATT Agreement specifically prohibits such protection with no exceptions.
II. And this problem exists because nations try to provide market stability and protection for farmers.
II only

II. And this problem exists because nations try to provide market stability and protection for farmers.
According to GATT, quotas are considered acceptable devises for regulating trade only where:
a nation is imposing a temporary safeguard to protect its balance of payments.
The Fair Trade Commission:
government agency promoting free and fair competition by prevention of trade restraints and other unfair methods of competition

maintain a free and fair competition in US business-take action against monopoly, restraint of trade and unfair or deceptive trade practices-prevent anti competitive practices in the marketplace as an aid to consumers.

FTC four general questions:
1. what are the costs and benefits of the regulation?
2. would a change in the regulation significantly benefit consumers?
3. would complying with a change to the regulation impose a high cost on businesses?
4. should the regulation be amended to reflect changes in the marketplace or technology?
The North American Agreement on Labor Cooperation promotes:
Does NOT promote: Management rights to determine work assignments.

The North American Agreement on Labor Cooperation was created primarily to prevent social dumping by U.S. companies operating in Mexico.
For most products undergoing a transformation in North America, the rule of origin will be based on:
the rule of origin will be based on its tariff classification.
Regarding marking and labeling rules in Mexico:
Have specific labeling requirements for certain products
- all others fall into more general requirements for general merchandise
- cost of compliance often so difficult that many small exporters cannot afford to sell products in Mexico
- 2011 Mexican government announced a simplified labeling procedure for certain food and beverage products in border areas
A customs union is:
a free trade area with a common external tariff.
is more ambitious in scope than an FTA

-there is free trade in all goods that come through any of the union members, even imports from outside the customs union

-US cannot negotiate with one member of the EU, but only to the EU as a whole
Which of the following arguments was not raised in opposition to NAFTA?
By creating a regional trading block, NAFTA would strengthen GATT's global trade liberalization achievements
Provisions were added to the USMCA to identify and prevent labor violations.
labor, environment
USMCA's national treatment principle states:
national treatment. cannot discriminate against foreign producers of like-goods; must treat them the same as your domestic producers.
Sets found in the same folder