Trade Redemies

What is the purpose of trade remedies (TRM) as stipulated in international agreements?

• To enhance trade liberalization without any conditions.

• To protect domestic industries from unfair competition from imported goods.

• To reduce tariffs and open markets for all products.

• To encourage countries to adopt a complete protectionist policy for domestic goods.

What does the term "domestic industry" refer to according to the ADA?

• All economic entities within a country, including services and labor resources.

• Only the largest manufacturers in a country that produce goods for export.

• A group of domestic producers of similar products whose total output accounts for a significant portion of the total domestic production of those products.

True or False: The definition of "domestic industry" includes all economic entities within a country, regardless of the type of goods they produce.

• True

• False

According to the Anti-Dumping Agreement (ADA), when is a product considered to be dumped?

• When the export price of the product is lower than the comparable price of a similar product consumed in the exporting country under normal trade conditions.

• When it is sold at a price higher than the normal value in the exporting country.

• When it is sold at the same price as in the domestic market of the exporting country.

• When it is sold exclusively in the domestic market of the importing country.

True or False: Anti-dumping measures are designed to promote dumping practices in international trade.

• True

• False