9 10 Points 00:02:24 What is true about the USMCA? Multiple Choice It was ratified and became effective in the year 1994. It allows mobile service providers to restrict international roaming and service. Its provisions require goods to contain minimum of 10 percent North American content to be traded duty free. Its provisions prohibit customs duties on electronically transmitted products. It allows the use of standards and technical regulations as obstacles to trade. Help Save & Exit
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11. An updated version of an existing trade agreement that includes new provisions for local content requirements for automakers and more open dairy trade. USMCA NAFTA MERCOSUR Andean Community ASEAN EU 12. The terms of the agreement will require minimum wages for auto workers in one bloc-member country to triple. EU MERCOSUR Andean Community USMCA NAFTA ASEAN
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20. In 1994, the General Agreement on Tariffs and Trade became ... 1) The North American Free Trade Agreement 2) The World Trade Organization 3) The Kyoto Protocol 4) The Montreal Protocol 5) The Convention on Trade in Endangered Species 21. The NAFTA Commission on Environmental Cooperation (CEC)... 1) Requires harmonization of environmental regulations 2) Places tariffs on corn imports to protect the environment 3) Penalizes corporations that harm the environment 4) Produces reports on environmental issues but has few enforcement powers 5) Has ordered a phase-out of environmentally damaging gasoline additives 22. Chapter 11 of NAFTA... 1) Protects natural resources such as air and water 2) Provides for strengthened environmental regulations 3) Removes distortionary subsidies 4) Protects existing environmental regulations 5) Protects the interests of foreign investors
10. NAFTA is: (Circle one) A. Who’s principles promote no unfair encouragement of exports. B. That allows workers from member countries to work in another member country C. An agreement ratified by Congress in 1993, creating a free trade area between 3 nations D. That is a lender of last resort
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