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International Trade Agreement Contents

Authored by José Valencia

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University

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International Trade Agreement Contents
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

It is the best way to encourage free trade through the transit of goods between countries without paying taxes. Boosts trade through competitive and comparative advantages of goods.

Preferential trade

Non-tariff regulations reduction

Tariff Relief

Rules of Origin

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

They provide certainty to apply the preference of tariff or non-tariff benefits, based on the regional manufacturing composition of a good. There is no standard for the determination of its formula, it depends on the interests and negotiations between the signatory countries of an FTA.

Trade of services

Rules of Origin

Non tariff regulations

Relief of duties

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A significant deterioration in production, trade and financial indicators of the economic sector or a significant dercreasing in the developing of the economic sector, which occurred as a result of increased import of goods, import of goods at dumping prices or import of subsidized goods to the customs territory of a country.

Threat of damage to an economy

Dumping

Serious damage to an economy

Trade defenses

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Measures to limit the increased import of goods, applied in the form of restrictions on the import of goods in relation to their quantity and (or) value (import quota), special duties levied in excess of import customs duty, or other measures aimed at limiting the increased import of goods.

Duming and safeguards measures

Trade measures

Non tariff barriers

Unfair practices to foreign trade

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

That is not one of the main objectives of the rules of origin into a free trade agreement

to implement measures and instruments of commercial policy such as anti-dumping duties and safeguard measures

to determine whether imported products shall receive preferential treatment

for the purpose of trade statistics

for the determination of special prices of selling to the destination internal market

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It's an example of a tariff measure according to the weight or volume, for example, USD$ 0.338 per kilo.

Non tariff regulation

Ad valorem tax

Specific Tax

Safeguard measure

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

They are imposed after an investigation finds that a foreign country subsidizes its exports, injuring domestic producers in the importing country.

Countervailing duties

Special duties and non tariff regulations

Mixed duties

Ad valorem duties

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