Import - Export Chapter 2 CISG

What does CISG stand for in the context of international trade law?

• Contracts on International Sales of Goods

• Commercial International Sales Guidelines

• Contracts for International Standards for Goods

• Commercial Interactions and Sales Governance

According to Vietnamese Commercial Law, which entity is responsible for manage activities of goods sale and purchase and specific commercial activities 

• Ministry of Finance

• Ministry of Industry and Trade

• Ministry of Planning and Investment

• Ministry of Foreign Affairs

Which organization is responsible for overseeing international trade negotiations and resolving trade disputes between member countries?

• World Bank

• International Monetary Fund (IMF)

• United Nations (UN)

• World Trade Organization (WTO)

What is the purpose of a Free Trade Agreement (FTA)?

• To impose tariffs and quotas on imports from non-member countries.

• To promote economic integration and reduce trade barriers between member countries

• To establish a customs union with common external tariffs.

• To restrict the flow of goods and services between member countries.

What is Vietnam's current trade status in terms of its membership in international trade agreements?

• Vietnam is a member of various regional and bilateral trade agreements.

• Vietnam is not a member of any international trade agreements.

• Vietnam is a member of the World Trade Organization (WTO) only.

• Vietnam is a member of the European Union's single market.

Which of the following countries is Vietnam's largest trading partner in terms of total trade volume?

• USA

• Japan

• China

• South Korea

Which of the following is a key factor contributing to Vietnam's attractiveness as a destination for foreign direct investment (FDI) in recent years?

• Competative labor force with competitive wages

• Low corporate tax rates

• Strict regulations on foreign ownership

• Free access to international markets

Which of the following is NOT a key objective of the CISG 1980?

• Harmonizing international trade law

• Facilitating international trade by removing legal uncertainties

• Regulating domestic sales contracts within individual countries

• Providing a uniform set of rules for international sales contracts

How many countries are currently party of the CISG 1980?

• 53

• 93

• 120

• 60

All commercial business activities carried out within the territory of Vietnam have to applied the Vietnamese Commercial Law?

• True

• False

• Depends on the contract between parties

• Cannot determine