Chapt 9 HW - Garrett Barnes Chapt 9 1. Define and discuss...

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Garrett Barnes Chapt 9 1. Define and discuss the various forms of direct and indirect non-tariff barriers to trade. Direct barriers include those barriers that specifically limit the import of goods or services such as embargos or quotas. Embargos are the most restrictive of barriers. Quotas is a quantitative restriction on imports. Indirect barriers include laws, administrative regulations, industrial or commercial practices, and even social and cultural forces that have the effect of limiting or discouraging the sale purchase of foreign goods or services in a domestic market, regardless of whether they were intended to control imports. 2. Discuss the GATT dispute settlement procedures under the 1994 agreement and how they differ from the procedures under the 1947 agreement. GATT 1994 is a much broader scope and coverage than the original 1947 agreements and addresses many of the latter agreements limitations. The rules of GATT 1947 applied only to trade in goods. Because most of the trading nations of the world have been
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This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor Jones during the Spring '11 term at Southern Nazarene.

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Chapt 9 HW - Garrett Barnes Chapt 9 1. Define and discuss...

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