4. Â Week 4 Assignment 3
 4.1. Chapter 9 Qs.6 and 7 p.319
6. hotshot(a) of the central obligations of WTO membership is a limit on taxs on particular goods according to a nations tariff commitments. If a member does not abide by its agreement, hatful an separate WTO member unilaterally raise its agreed-upon tariff? Explain
No, GATT 1994 envisions that integrity nation will not take unilateral justificative action against another nation in trade difference of opinion. Therefore, if a WTO member does not abide, another WTO member cannot unilaterally raise a tariff, instead members must rely on GATTs dispute-settlement procedures, which argon a quasi-judicial process used in order to resolve disputes among countries to avoid a trade war. Its important to highlight that these complaints can only be brought to GATT from one government to another and not from firms or individuals.
7. The U.S. auto constancy has had its problems in the past from foreign competition. If the auto industry lobbied the chair and Congress for implementation of a quota on the total tote up of imported automobiles and trucks, would such a quota be in rapine of GATT 1994? Under what circumstances may a country reduce a quota?
Yes, it would be in violation of GATTs principles, which clear prohibits quotas, as expressed in Article XI:
No prohibitions or restrictions other than duties, taxes, or other charges, whether made stiff through quotas, import or export licensing, or other streaks, shall be instituted…on the importation of each product … or on the exportation or sale for export of any product.
GATT permits countries to impose quotas under special circumstances, such as reliever of food shortages and to restrict the import of agricultural and fishery products that atomic number 18 subject to governmental price support mechanism. They are besides used to regulate world trade textile and apparel. Quotas are also used as a temporary measure by importing countries with severe balance-of-payment...If you want to get a full essay, order it on our website: Orderessay
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