Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 17.3, Problem 3ST
To determine

The pollution charges on tradable pollution permit and emission tax.

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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.
Voyage Chartering is a complex business. The ship owners promise to make theship and the crew available to the charterers to carry an agreed cargo on an agreedvoyage in exchange for the payment of freight. The ship owners remain responsiblefor the execution of the agreed voyage and therefore bear most of the operationalrisks that are associated with such performance. The ship owners also promise toenter into a number of separate contracts (bill of lading) with different parties(shippers, consignees…etc.) at the request of the charterers and agree to act ascarriers under such contracts, thereby agreeing to be responsible for theperformance of such contracts. The contracts also include several incoterms. Critically distinguish the responsibilities between a Voyage Charter Party anda Time Charter party.
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