three QUESTION 2 Match term with its definition. A tax on imported goods. 1. MFN

Question

three QUESTION 2 Match term with its definition. A tax on imported goods. 1. MFN A clause in a trade agreement that requires signatories to provide concessions that 2. Countervalling duty are given to one party, to all parties to the agreement. 3. NTB 4. National treatment 5. Tarriff 6. Dumping duty Barriers to trade like a limit on the quantity of imports. ·D An import tax that is levied against an imported good that is unfairly subsidized by a foreign government. An import tax that is levied against imported goods that are sold at a price in the import market that is below the price they are sold at in the domestic market. A clause in a trade agreement that requires signatories to treat goods from another signatory counigy no less favourably than they treat their own, domestic goods QUESTION 3 l between t The first stage in the dispute settlement procedure at the World Trade Organization is L

Explanation / Answer

The terms are matched as below:

MFN A clause in a trade agreement that requires signatories to treat goods from another signatory country no less favorable than they treat their own, domestic goods. Countervailing duty An import tax that is leived against imported goods that are sold that a price in a import market that is below the price they are sold at in the domestic market. NTB An import tax that is leived against an imported goods that is unfairly subsidized by a foreign market. National treatment A clause in a trade agreement that requires signatories to provide concessions that are given to one party, to all parties to the agreement. Tarriff A tax on imported goods Dumping duty Barriers to trade like a limit on the quantity of imports.

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