Exam 11: Regulating Import Competition and Unfair Trade

The USTR has requested your advice on whether the following are legal pursuant to the GATT. Please explain each of your answers. -"Scenario" Reduced rate loans offered by U.S.banks to U.S.businesses willing to relocate their operations to economically depressed inner cities.

Section 201 of the Trade Act of 1974 provides authority for the president to do what,if barriers to U.S.trade are not lifted?

The U.S.law dealing with import relief is:

Quotas are not permitted under GATT or under U.S.law as a method of protecting domestic industries,unless a trade compensation is provided as a form of compensation.

"Scenario" Tax credits extended by the government of India to Indian companies in order to assist in the reduction of greenhouse gases emitted during the manufacturing process.

The GATT Agreement authorizes countervailing duties to offset the effect of subsidies on imports that cause or threaten material injury to a domestic industry.

In the Bulk Aspirin from China case,the ITA decided to treat the private exporters the same as the government-owned exporters.

There are two types of import protection regulations in the U.S.: I.Laws that provide relief to protect developing U.S.domestic companies. II.Laws that allow non-market economy nations a financial break.

The antidumping duty imposed under U.S.law is based on the amount by which the foreign market value exceeds the cost of production by at least 10%.

The "material injury" requirement under the U.S.unfair import statutes requires a finding of less harm than does the "serious injury" requirement in the U.S.escape clause.

Which of the following factors is used to determine whether dumped imports have caused material injury to an industry?