1. Safeguard protection (the escape clause) applies to permanent protection provided to home industries encountering competition from unfairly traded foreign goods.
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2. Under the government procurement policy of the World Trade Organization, federal-state-local governments are prevented from discriminating in favor of the products of domestic suppliers on contracts valued at $1 million and more.
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3. The fast-track provision of U.S. trade law has the effect of speeding up the timetable during which the president negotiates trade agreements with foreign governments.
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4.
For the United States, countervailing duty cases consist of allegations of
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ans 1-a)false
ans 2-b)false
ans3-a)true
ans4-a)dumping by foreign export companies
d)foreign export subsidies
1. Safeguard protection (the escape clause) applies to permanent protection provided to home industries encountering competition...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...