Trade and Tariff Quiz

Also known as the "Final Act" signed on April 1994 that concluded the GATT Uruguay Round, the most comprehensive round of negotiations and officially established the WTO?

• Marrakesh Agreement

• DOHA Development Agreement

• Agreement on Tariff and Trade

• Kyoto convention

All chemicals produced from chemical reactions are considered to be originating according to what ROO criterion?

• Process Rule

• Change in Tariff Classification

• Value Added

• Wholly Obtained

Identify which one of the following statements is incorrect with regards to the initiation tariff classification dispute.

• BOC has a different classification

• Classification is considered difficult and highly technical by the BOC

• Not subject of pending application for advance ruling

• The applicable fate of duty is disadvantageous to the government

Under Rule 12 of the OCP to the ATIGA, which one among the following choices is incorrect with regards to the loss or destruction of a CO Form "D"?

• The exporter may apply in writing to the issuing authority for certified true copy of the original & triplicate

• The certified true copy CO issued by the issuing authority will bear the date of issuance of the original CO

• The certified true copy of a CO shall be issued no longer than 1 year from the date of issuance of the original CO

• The importer will request the exporter for the triplicate copy of the CO which it is retained and use it in place of the original CO along with a notarized affidavit stating the loss of the original CO

When can the TC revoke an Advance Ruling?

• When there is a judicial decision

• When there is a change in policy

• Upon the discovery of false and misleading information

• Whenever the TC Chairman deemed it necessary

Thailand manufactured barber's chairs classified under AHTN Code 9402.10.30 and having an FOB value of $100 were to be exported to the Philippines under the ATIGA. The non-originating base and frame of the chairs classified under AHTN Code 9402.10.30 were sourced from Hong Kong and have a CIF value of %70. If the product specific rule assigned was RVC 40 or CTSH a de minimis provision of 10% of the final product's FOB was granted, under what ROO criteria did the product attain originating status?

• RVC 40

• CTSH

• De minimis

• The product did not attain originating status

Which one of the following operations confers origin under the CTH rule?

• Galvanized steel coil (7210.49) to Pre-painted steel sheets (7210.70)

• Uppers of leather (6406.10) to leather shoes (6403.59)

• Unbleached woven cotton fabric (5210.11) to printed fabric (5210.51)

• Book paper in rolls (4802.57) to book paper in sheets (4802.56)

A product covered by CO Form "E", exported to the Philippines was deemed originating by the governing ROO of the ACFTA and eligible to avail of the Phil preferential ACFTA rate of duty, if it complies with which one among the following?

• The product is in the NT list of Indonesia (exporter) and in the ST List of the Philippines

• The product is in the NT list of China (exporter) with NT rate of 3% and in the ST list of the Philippines

• The product is in the NT list of Vietnam (exporter) and in the EHP list of the Philippines

• The product is in the NT list of the Philippines with NT rate of 5% (current MFN rate is 7% ad valorem) and on the ST list of the China (exporter) with tariff rate 8%

Choose which among the following statements is incorrect with regards to the application of the tariff reciprocity rule provision of the AKFTA?

• The product is in the NT list of the importer and in the ST list of the exporter

• The product's ST rate in the exporter should be 10% or below

• The applicable is the rate that is lower between the exporter's ST rate and the importer's NT rate

• The applied rate should not be higher than the importer's MFN rate

Identify which of the following trade remedy measures is applicable to offset any bounty given to exporters by the government.

• General safeguard

• Anti-dumping

• Subsidy and countervailing

• Special safeguard