40 Questions
What is the main purpose of the EU's Common Agricultural Policy (CAP)?
To ensure a fair income for EU farmers
What is the effect of an export subsidy on the importing country's market?
An increase in the imports of the subsidized product
Why did the EU's agricultural production increase under the CAP?
Due to the support price being higher than the world market price
What is the main criticism of the EU's CAP?
It leads to overproduction and environmental degradation
What is the main goal of the strategic trade policy?
To create a comparative advantage in certain sectors
What is the primary objective of the EU's single market rules in Northern Ireland?
To ensure compliance with EU laws on product standards
What is the purpose of checks on GB goods at Northern Ireland ports?
To ensure compliance with EU laws
What is the EU's Carbon Border Adjustment Mechanism (CBAM) primarily aimed at?
Addressing carbon leakage and high carbon emissions
Why is there a risk of creating a monopoly for state-owned enterprises?
As a result of local content requirements
What is the primary effect of the agreement to move inspections and document checks from the Irish border to between Northern Ireland and Great Britain?
The creation of a new trade border in the Irish Sea
What is the primary objective of implementing an antidumping procedure?
To protect domestic industries from unfair competition
What is the main difference between an infant industry protectionism and a quantitative restriction?
One is a temporary measure, while the other is a permanent measure
What is the purpose of a safeguard clause in international trade agreements?
To allow for temporary protection of domestic industries from import surges
Why might a country impose a retaliatory tariff on imports from another country?
To protect its domestic industries from unfair trade practices
What is the main criticism of using trade policy instruments, such as tariffs and quotas, to protect domestic industries?
They can lead to trade wars and retaliation
What is the primary goal of the European Union's antidumping and anti-subsidy policy?
To protect the EU industry from material injury caused by dumped or subsidized imports
What is a common method used by governments to counter dumping?
Imposing antidumping duties on imported goods
What is the main difference between antidumping and countervailing duties?
Countervailing duties are imposed on subsidized imports, while antidumping duties are imposed on dumped imports
What is necessary for the European Commission to initiate an antidumping investigation?
A formal complaint from a domestic industry
What is the purpose of the investigation procedure in antidumping cases?
To determine whether dumping or subsidies have caused material injury to the EU industry
What is the purpose of the new detacherment regulations?
To reduce unfair competition in West-European countries
According to the new regulations, how often must trucks return to their country of registration?
At least every 8 weeks
Which of the following countries' transport ministers are against the new regulations?
Bulgaria, Cyprus, Estonia, Hungary, Malta, Latvia, Lithuania, Poland, and Romania
What is the timeframe for the implementation of the new regulations on driving and rest times?
20 days after the official announcement
What is the impact of the pandemic on the transportation industry, according to the text?
It has led to a decrease in transportation operations
What was the main goal of the Uruguay Round (1986-94)?
To reduce tariffs by 36% and increase the number of goods with zero tariffs
What is the main principle of the Most Favoured Nation (MFN) clause?
To ensure equal treatment of all WTO member countries
What was the main issue that led to the breakdown of the Doha Round in 2008?
Disagreement over agricultural subsidies between the EU and the US
What is the purpose of the Enabling Clause in the WTO?
To provide special and differential treatment to developing countries
What is the main goal of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement?
To establish common standards for intellectual property rights among WTO members
What percentage of the European budget is allocated to promoting dairy and meat products?
32%
What is the primary objective of establishing 'drempelverlagende gemeenschappelijke handelshuizen' in the strategic trade policy?
To provide comparative advantage through R&D
According to Krugman and Obstfeld, what is the challenge in selecting sectors for strategic trade policy?
Picking sectors that are suitable for strategic trade policy
What is the effect of an increase in production volume on the cost of R&D per unit?
It decreases the cost of R&D per unit
What is the primary motivation behind the European Union's promotion of dairy and meat products?
To support the economic interests of European farmers
What is the main advantage of subsidizing R&D in the strategic trade policy?
It creates a comparative advantage through positive external effects
What is the primary focus of the strategic trade policy in the context of export markets?
Bringinging knowledge about export markets together through government initiatives
What is the example of a sector that was strategically supported by the government in Japan?
Half-conductor sector
What is the primary challenge in implementing strategic trade policy in the European Union?
Selecting sectors that are suitable for strategic trade policy
What is the effect of increasing R&D investments on the production volume of a sector?
It increases the production volume
Test your knowledge of international trade regulations, including customs clearance, technical standards, health and safety norms, and administrative procedures. Learn about the barriers to trade, such as red tape, and the necessary documentation for exporting and importing goods.
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