Explain the purpose of trade policy

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Reference no: EM133175420

Question 1

What is trade policy? Explain the purpose of trade policy.  Discuss the various types of trade policy instruments.

Question 2

What are the objectives and functions of the WTO? Are development cooperation and the environmental protection objectives of the WTO? Explain. What are the main instruments, or means, of the WTO for achieving its objectives? 

Question 3

  1. Explain, using a diagram, the structure of the WTO.

(B) What is decision-making by consensus? In practice, does it amount to a veto power for each WTO Member? How many votes do the USA, the European Communities (EU), China, and Grenada have? In your opinion, should the number of votes of members be related to the size of their population or share of their world trade? 

Question 4

(a) Why is non-discrimination such an important concept in WTO Law and policy? What are the key no-discrimination provisions in the GATT (1994)?

(b) What are 'rules of origin'. Explain the criteria for determining rules of origin

Question 5 

What are specific customs duties and how they differ from ad valorem duties? What are MFN customs duties? What is a Tariff? Why do countries impose customs duties on imported products? 

Question 6

Which provisions or articles the GATT (1994) sets out the WTO rules on customs valuation? What is the principal, and most common, method, for determining customs value of imported products? Briefly discuss other methods of customs valuation. Must the cost of packaging and or the cost of transportation to the port of importation be included in customs valuation?

Reference no: EM133175420

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