Chat with AIExam 11: Regulating Import Competition and Unfair Trade
The GATT Agreement on Safeguards permits a member state to increase tariffs on an imported product in order to allow a domestic manufacturer to successfully introduce a competitive product in the domestic market.
(34) 
VerifiedFalse
Weigh the strengths and weaknesses of all possible actions a country can take to protect its market against unfair trade.
(39) 
Answered by Examlex AI CopilotWhen it comes to protecting its market against unfair trade, a country has a range of actions it can take, each with its own set of strengths and weaknesses.
One possible action is imposing tariffs or trade barriers on imported goods. This can protect domestic industries from being undercut by cheaper foreign products, thereby protecting jobs and ensuring a level playing field for domestic businesses. However, this can also lead to retaliation from trading partners, potentially sparking a trade war and harming the country's export industries.
Another option is to negotiate and enter into trade agreements with other countries. This can help to establish fair and mutually beneficial trade relationships, and can also open up new markets for the country's exports. However, negotiating such agreements can be a lengthy and complex process, and there is always the risk of the other party not adhering to the terms of the agreement.
A country could also invest in domestic industries to make them more competitive on the global market. This can help to strengthen the economy and create jobs, but it requires significant investment and may not always be successful in the face of intense global competition.
Additionally, a country could file complaints with international trade organizations such as the World Trade Organization (WTO) to address unfair trade practices. This can help to bring about a resolution through a neutral and established process, but it can also be time-consuming and may not always result in a favorable outcome.
Ultimately, the best course of action for a country to protect its market against unfair trade will depend on its specific circumstances and the nature of the trade practices it is facing. It may require a combination of these actions, along with careful diplomacy and negotiation, to achieve the desired outcome while minimizing potential negative repercussions.
Quotas are often favored over tariffs as import restrictions because:
I. They are more flexible tools for regulating imports.
II. It is easier for government policy makers to assess the potential impact of a quota.
(27) VerifiedC
Assess the various legal "tools" available to the president to gain freer access to foreign markets for U.S. products.
(35) U.S. countervailing duty statutes:
I. Countervail all export subsidies.
II.Countervail all domestic subsidies.
(34) What are the similarities and differences between unfair trade and fair, but economically damaging trade?
(35) In the Pesquera Mares Australes v. United States case, the court found that the Chilean salmon exporter had not violated U.S. antidumping laws.
(35) Which of the following does not characterize a difference between U.S. and EU antidumping laws?
(36) If a country is not a member of GATT, under U.S. law a countervailing duty can be imposed without regard to whether a U.S. firm is injured or not.
(36) Dumping does not occur when there is no market for the product in the home country.
(36) The President of the United States is concerned about the declining number of American companies engaged in the manufacture of computer chips. In order to reinvigorate U.S. computer chip manufacturers, the President has proposed that the United States unilaterally impose an absolute ban upon the importation of computer chips from Japan for an indefinite period of time to be determined in his complete discretion. The President has asked you whether his proposal is legal pursuant to the GATT. What is your response? Please explain the basis for your conclusions.
(37) Under U.S. law, the foreign market value for antidumping duty determination is calculated as either home market sales price, sales of like products in third countries, or "normal value at the retail level."
(29) Which of the following factors is used to determine whether dumped imports have caused material injury to an industry?
(42) Consider the differential domestic and foreign political ramifications of the following U.S. trade laws: Section 201 escape clause, the antidumping statute, and the countervailing duty statute.
(42) The U.S. countervailing duty statute requires that the International Trade Commission determine the fair market price of the imported product in the country of origin.
(34) In non-market economy countries, the determination of foreign market value is usually based on:
(34) Draft a statue defining a domestic industry. Draft statutes from the perspective of Westernized, developed nations and from developing nations.
(36) Draft a statute or treaty defining a non-market or state-controlled economy OR identifying which factors should be considered in making such a determination and how they should be applied.
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