Country X is a WTO member. In 2024, the government of country X, alarmed by asudden increase of imported cement on the domestic market, imposed a measurein the form of quantitative restriction on imports of cement. Another Country Y,also a Member of the WTO, involved in the exportation of cement, complains thatthis measure is nullifying and impairing benefits which it is expected to receiveunder the GATT 1994. Country X defends the measure as being permissible underArticle XIX of the GATT 1994 and the WTO Safeguards Agreement.(a) Discuss the evolution of the GATT and the WTO
Country X is a WTO member. In 2024, the government of country X, alarmed by asudden increase of imported cement on the domestic market, imposed a measurein the form of quantitative restriction on imports of cement. Another Country Y,also a Member of the WTO, involved in the exportation of cement, complains thatthis measure is nullifying and impairing benefits which it is expected to receiveunder the GATT 1994. Country X defends the measure as being permissible underArticle XIX of the GATT 1994 and the WTO Safeguards Agreement.(a) Discuss the evolution of the GATT and the WTO
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 46CTQ: Is it legitimate to impose higher safety standards on imported goods that exist in the foreign...
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Country X is a WTO member. In 2024, the government of country X, alarmed by a
sudden increase of imported cement on the domestic market, imposed a measure
in the form of quantitative restriction on imports of cement. Another Country Y,
also a Member of the WTO, involved in the exportation of cement, complains that
this measure is nullifying and impairing benefits which it is expected to receive
under the GATT 1994. Country X defends the measure as being permissible under
Article XIX of the GATT 1994 and the WTO Safeguards Agreement.
(a) Discuss the evolution of the GATT and the WTO
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