World Trade Law - Day 2 Quiz

Trade remedies are always adopted for the reasons professed by the state resorting to them.

• True

• False

Any contribution by the government to a domestic producer is a subsidy.

• True

• False

The scope of security exceptions under the GATT is broader than general exceptions.

• True

• False

The applied tariff can be up to the value of the bound tariff.

• True

• False

The benefit given to a domestic producer vis-à-vis a foreign producer rendered by a government's regulation will be a violation of the most favoured nation treatment.

• True

• False

Safeguard measures are essentially origin-neutral.

• True

• False

High tariffs are more trade-restricting than quotas.

• True

• False

In practice, most favoured nation treatment is no longer the dominant rate.

• True

• False

Members of a customs union may have identical tariff schedules.

• True

• False

The GATT is the precursor to the WTO.

• True

• False