Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 17, Problem 3QP
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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. By discussing about the WTO dispute settlement process, advise on thelikelihood for country Y to establish a claim under Article XXIII of the GATT1994 and the WTO Dispute Settlement Understanding.
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