JPEPA Product Rules Quiz

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)

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)

Exemption from quality checks

Discounts on import taxes

Priority in international trade agreements

Origin to the goods (correct)