A. Direct subsidies: C. Production subsidies B. Performance subsidies D. Tax bre

Question

A. Direct subsidies: C. Production subsidies B. Performance subsidies D. Tax break 7. Individuals and companies involved in trade have to know as much as possible about the conditions of trade. It is therefore fundamentally important that regulations and policies are transparent. In the WTO, this is achieved in two ways noifications and A. decision making procedure B. panels C. trade policy reviews D. dispute senlement mechanism 8. This principle ofrequires that imported and lecally produced goods should be treated equally-at least after the foreign goods have entered the market, ie. the same should apply to foreign and domestic services, and to foreign and local trademarks, copyrights and patents A. most-fxvored nation treatment B. freer trade D. national treatment 9. If the imposition of anti-dumping duties is based on a finding of material injury, as opposed to threst of material injury or material retardation of the establishment of a domestic industry, nti- dumping duties may be collected as of the date A, application was made C. initiation was decided B. provisional measures were imposed D. injuries were found 10. Typically means charging extra import duty on the ricular product tom he particular exporting country in order to being its price closer to the "normal value" or to remove the injury to domestic industry in the importing country. A. safeguard measures C. anti-dumping action B. tariff binding D. countervailing action IL. True and False questions: Decide whether the following statements are true er false, and write T for true and F for false in froat of the statements.( 1. Performance Rights of intellectual property reders to the owmers" right to control how a person migh the intellectual property is displayed to the public. For esaimple, whecher or noe publicly perform a song in public povenments 2. WTO negotiations produce specific rules t and general commitments made by all members. hat apply to individaal member a to maintain the 3. The basic aim of tbe SPS Agreemont a to maintain to provide the level of health peotection it deems acceptable as the customms value because the price has ben disortnd an a result of certais the agreement lays 4 For cases in which there is no sansaction value, or where the trenactice 4. For cases lays down five other medhods of customs valuation to be applied in the order

Explanation / Answer

7) Individuals and companies involved in trade have to know as much as possible about the conditions of trade.It is therefore fundamentally important that regulations and policies are transparent.In the WTO,this is achieved in two ways: notifications and-

The two ways in which it is achieved are by-

-notifications-where the governments inform WTO and fellow members of specific measures,policies and laws through regular notifications,and

-trade policy review-the WTO conducts regular reviews of individual countries trade policies which are part of the Uruguay round agreement.

Therefore option (C)

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