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Authored by Arlon Alcancia

Financial Education

12th Grade

Used 7+ times

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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"ASEANPlusThree" (APT) is ASEAN plus the following countries except for one. Which country is not a part of APT?

China

Japan

India

Korea

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following forms of definitive safeguard measures is not mandated by RA8800?

An increase in, or imposition of, any duty on the imported product(such increases shall be subject or limited to the maximum levels of tariff as set forth in Section 401(a) of the Tariff and Customs Code of the Philippines)

A decrease in or the imposition of a tariff-rate quota (MAV) on the product.

A modification or imposition of any quantitative restriction.

One or more appropriate adjustment measures, including the provision of trade adjustment assistance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The HS headings are represented by how many digit numbers?

2-digits

4-digits

6-digits

8-digits

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An ASEAN Member State was granted a waiver from the obligations imposed under the ATIGA with regard to rice and sugar pursuant to the Protocol to Provide Special Consideration to Rice and Sugar. What recourse is available to an ASEAN Member State affected by the waiver?

To request mediation at the WTO Dispute Settlement Body

To petition the nullification of the waiver with the ASEAN Directors-General of Customs.

To request bilateral consultations with the ASEAN Member State granted the waiver

To apply for a similar waiver

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An importation from Japan consisted of several pure-bred breeding equestrian horses classified under AHTN0101.21.00 and covered by PJEPA EO767 with rate of 0%. Under CMTA Sec.1611, subject horses have an MFN and ATIGA rates of 3% and 0%, respectively. If these horses have a Japan MFN rate of 1%, deemed wholly obtained under the governing ROO, and the importation was covered by CO Form JP, what should be the applicable import duty rate?

3% MFN rate

0% PJEPA rate

0% ATIGA rate

1% Japan MFN rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

InorderforanoriginatingChinaproducttobeeligibleundertheTariffReciprocityRuleofACFTA,whatshouldbetheproduct'stariffrate?

The product should have an ST rate of 10% or below at the importing party

China NT rate of 10% or below

The importer must have the product under its ST list

China ST rate of 10%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not among those required in special safeguard cases?

Causality

Like product

Imports exceed trigger volume

Price falls below the trigger price

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