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Questions and Answers
What is required for a good under the JPEPA product specific rules using the value-added method?
What is required for a good under the JPEPA product specific rules using the value-added method?
- The good should be a high-tech product
- The good should have a high market demand
- The good should be produced entirely in Japan or the Philippines
- Qualifying value content (QVC) should not be less than the specified percentage for that good (correct)
What is the purpose of the JPEPA product specific rules?
What is the purpose of the JPEPA product specific rules?
- To restrict the import of goods from specific countries
- To promote the export of luxury goods
- To standardize the pricing of goods
- To ensure a minimum value content for qualifying goods (correct)
What do wholly obtained goods or products produced entirely in Japan or the Philippines confer under JPEPA?
What do wholly obtained goods or products produced entirely in Japan or the Philippines confer under JPEPA?
- Exemption from quality checks
- Discounts on import taxes
- Priority in international trade agreements
- Origin to the goods (correct)
