Exam (elaborations)

International Business Law Test #2

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International Business Law Test #2

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International Business Law Test #2

1. The principle of states that least restrictive trade WTO member countries, in setting otherwise valid restrictions on trade, shall make them no more onerous than necessary to achieve the goals for which they were imposed. 2. A corollary to least restrictive trade is that national laws and reg...

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Uploaded on May 22, 2023
Number of pages 28
Written in 2022/2023
Type Exam (elaborations)
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1 the principle of states that least restrictive trade wto member countries
in setting otherwise valid restrictions on trade
shall make them no more onerous than necessary to achieve the goals for

Institution
International Business Law Test #2
Education
International Business Law Test #2
Course
International Business Law Test #2

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International Business Law Test
#2
1. The principle of states that least restrictive trade
WTO member countries, in setting
otherwise valid restrictions on trade,
shall make them no more onerous
than necessary to achieve the goals
for which they were imposed.

2. A corollary to least restrictive trade approaches:
is that national laws and
regulations passed for purely
internal purposes, such as the
protection of the gener- al HS&W
must also pose
the fewest barriers to trade as pos-
sible.

3. The WTO has stated that this is the
balancing test: nations must
weigh the against

4. A is a law affecting
a product's characteristics-such
as its performance, design,
construc- tion, chemical
composition, materi-
als, packaging or labeling-that
must be met before a product can
be im- ported or sold in a country.

5. Technical regulations and
standards that apply to imported
foreign prod- ucts, even if they also
apply equal- ly to domestic
products, are called
.

6. Most countries require some type
of testing, inspection or
certification of regulated products.
There are two major regulatory
1/

, International Business Law Test
#2
health, safety, and welfare

technical barriers to trade

necessity of protecting the public,
re- strictions on free trade

technical regulation 1. Prior approval
2. Prior certification

7. Transparency

2/

, International Business Law Test
#2
refers to the abili- goals:
ty of the public, particularly foreign
firms, to have open access to gov-
ernment rules or private standards
that are published and made
readily available to foreign firms.

8. The EU has attempted to in-
crease its standardization
through the .

9. Product standards in Japan
have historically taken the form
of
standards. U.S. stan-
dards, by contrast are usually
based on standards.

10.The maintains
an online "standards portal" that
gives firms access to English
trans- lations of standards and
technical regulations in China,
India and Ko- rea, as well as
various U.S. stan- dards in English,
Mandarin, Chinese and Korean.

11.The Agreement
prohibits countries form using their
regulations or standards to
discrim- inate against the import of
foreign goods.

12.The WTO Agreement on Technical
Barriers to Trade Agreement pro-
hibits countries form using their
reg- ulations or standards to
discrimi- nate against the import of
foreign goods. The agreement has
three methods of achieving its
3/

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