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20. In 1994, the General Agreement on Tariffs and Trade became ... 1) The North

ID: 1160607 • Letter: 2

Question

20. In 1994, the General Agreement on Tariffs and Trade became ...

1) The North American Free Trade Agreement 2) The World Trade Organization 3) The Kyoto Protocol 4) The Montreal Protocol 5) The Convention on Trade in Endangered Species

21. The NAFTA Commission on Environmental Cooperation (CEC)...

1) Requires harmonization of environmental regulations 2) Places tariffs on corn imports to protect the environment 3) Penalizes corporations that harm the environment 4) Produces reports on environmental issues but has few enforcement powers 5) Has ordered a phase-out of environmentally damaging gasoline additives

22. Chapter 11 of NAFTA... 1) Protects natural resources such as air and water 2) Provides for strengthened environmental regulations 3) Removes distortionary subsidies 4) Protects existing environmental regulations 5) Protects the interests of foreign investors

No explanation needed

Explanation / Answer

(20) Option (2)

In 1994, In the Uruguay round of GATT, 123 countries signed the agreement to establish WTO.

(21) Option (1)

CEC aims at harmonization and collaboration on lowering environmental damage.

(22) Option (5)

Chapter 11 of NAFTA refers to the investment climate.