BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Services
|
|
|
Standards
|
|
|
Rules of Origin
|
|
|
Uniform custom procedures
|
|
|
Government procurement
|
Detailed explanation-1: -Which of the following key provisions of NAFTA restricts Japan from assembling autos in Mexico and avoiding U.S. or Canadian tariffs and quotas, unless the auto had a specific percentage of Mexican (i.e., North American) content? Rules of origin.
Detailed explanation-2: -Which of the following is true of the provisions of the North American Free Trade Agreement? It seeks the removal of most barriers on the cross-border flow of services.
Detailed explanation-3: -NAFTA’s purpose was to encourage economic activity among North America’s three major economic powers: Canada, the U. S., and Mexico. Proponents of the agreement believed that it would benefit the three nations involved by promoting freer trade and lower tariffs among Canada, Mexico, and the United States.
Detailed explanation-4: -NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations. It also calls for the gradual elimination, over a period of 15 years, of most remaining barriers to cross-border investment and to the movement of goods and services among the three countries.