International Business

1.Agreement on Textile and clothing was site appear as a transitional process on 01 Jan 1995 for the eventual(prenominal) removal of quotas by WTO by 01 Jan 2007. False 2.The first ever set of multilateral, legally enforceable rules covering international trade in portions is the General Agreement on Trade in service (GATS). True 3.Trade Related Investment Measures (TRIMS) doesnt return for a) Measures that affect trade in goods. b) Measures that lead to restrictions in quantities. c) reject measures that de pay offate a fraternitys imports. d) Discouraging measures that limit a companys exports. 4.General Agreement on Trade in Services will not be applicable to a) Services supplied from one country to another(prenominal) picky border supply b) Transaction of goods across the border Export Import c) Individuals travelling from own country to supply services in another presence of natural persons. d) Consumers/firms making use of a service in another country consumption abroad. e) Foreign company setting up subsidiary or branches to provide services in another country commercial presence. 5.As a part of WTO guidelines, Agreement on Agriculture (AOA) doesnt consider a) broadcast payments to farmers are permitted.

b) Indirect assistance and support to farmers including R & D support by govt. are not permitted. c) Domestic policies which in a flash effect on production and trade have to be cut back. d) Least developed countries do not select to make any cuts. CHAPTER 3 International trade and WTO 6.WTO is the only international organization dealing with the rules of trade between organizations. True 7.The limit of holdings by Individual Foreign Institutional Investors in a Company has been raised from 5 to 10 % of the companys shares, while the aggregate limit has been increased from 24 to 34 %. True 8.Quantitative restrictions refer to limit set by countries to curb a) Imports... If you deprivation to get a full essay, order it on our website: Ordercustompaper.com

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