Free Preparation Discussions
MENU
CIPS L4M3 Exam - Topic 2 Question 50 Discussion
Topic #: 2
Which of the following regulates barriers to the trade of goods between Member States of WTO?
- The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the 'substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis.'
- CISG is the Vienna Convention on Contracts for the International Sale of Goods. This is a voluntary treaty under United Nations Commission on International Trade Law (UNCITRAL). The purpose of the Vienna Convention is to set out a framework for international transactions based on a uniform approach. It establishes substantive rules that regulate the duties and obligations of both parties, including the delivery of goods, contract formation, and remedies for breach of contract.
- The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO). It sets down minimum standards for the regulation by national governments of many forms of intellectual property (IP) as applied to nationals of other WTO member nations.
- The North American Free Trade Agreement (NAFTA; Spanish: Tratado de Libre Comercio de Amrica del Norte, TLCAN; French: Accord de libre-change nord-amricain, ALNA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.
LO 1, AC 1.3
Ranee
9 months agoEarnestine
9 months agoNorah
10 months agoSheridan
10 months agoGerman
10 months agoCherilyn
10 months agoAnnette
11 months agoMargurite
11 months agoJenelle
11 months agoPete
11 months agoGertude
11 months agoKatie
11 months agoKattie
11 months agoHannah
2 years agoKaran
2 years agoHoward
2 years agoNina
2 years agoJerry
2 years agoJosefa
2 years agoAnnett
2 years agoTimothy
2 years agoLorean
2 years agoKaty
2 years agoDaryl
2 years agoJosephine
2 years agoIlona
2 years agoMickie
2 years agoSimona
2 years agoMirta
2 years agoQuentin
2 years agoWillodean
2 years ago