Question 21 The ultimate purpose of GATT was to eliminate barriers to free trade. diminish U.S. exports. subsidize agricultural workers. safeguard intellectual property rights. promote U.S. imports of electronics.
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GATT stands for the General Agreement on Tariffs and Trade. Show more…
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Which action was implemented in the Uruguay Round, finalized in December 1993? a. reduction in the protection for patents, trademarks, and copyrights b. establishment of the World Trade Organization c. extension of the GATT to cover consumer products d. enhancement of trade barriers
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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
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