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- Why might the unsafe consumer products argument be a more effective strategy (from the perspective of the importing country) than using tariffs or quotas to restrict imports?5 The economics and politics of multilateral agreements. Discuss1. What is the WTO's rule on intellectual properly applicable to multilateral trading of each member. Explain. 2. What is the intention of most favored-nation principles that needs to be followed by all members?
- Provide a critical assessment of traditional and modern theories of international trade in promoting internationaltradeWhat are the synonyms of “treaties” in International law? Write at least three synonyms.5) Explain how trade barriers save jobs in protected industries, but only by costing jobs in other industries.
- Choose then discuss in details and in your own English, i.e. DO NOT COPY from the textbook 1. The WTO Dispute Settlement procedures. 2. WTO principles of nondiscrimination: Unconditional Most-Favored-Nation (MFN) Trade, and National Treatment. 3. What are essential elements of international sale contract? 4. Advantages of Arbitration and Mediation vs. Litigation in resolving international commercial disputes. 5. Discuss safeguard measures under GATT/WTO agreements. 6. Discuss challenges/risks of international business1. Give an example of trade policy when it comes to sugar in the Caribbean?(a) Identify a recent antidumping case that was brought before the WTO. (b) Identify the nations, products and potential punitive measures involved. (c) If you were part of WTO dispute settlement body, would you vote in favor of the measures taken by the retaliating nation? Why or why not?