ECONOMICS (CBSE/UGC NET)

ECONOMICS

BARRIERS TO TRADE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In June of 2013, the European Union described to lift restrictions of the trade of weapons to Syrian rebels. This is a(n) ____
A
Tariff
B
Quota
C
Embargo
D
None of the above
Explanation: 

Detailed explanation-1: -In May 2011, the European Union adopted sanctions against Syria, in particular by prohibiting the trade in goods that could be used for the repression of the civilian population.

Detailed explanation-2: -Executive Orders Executive Order 13338, signed on May 5, 2004, added sanctions and restrictions on Syria in addition to Syria’s designation as a State Sponsor of Terrorism in 1979.

Detailed explanation-3: -The EU restrictive measures regime provides for a large number of exemptions and derogations regarding humanitarian activities (purchase of petroleum products, financial and banking activities, etc.) when these activities aim to provide humanitarian assistance in Syria or help the civilian population in Syria.

Detailed explanation-4: -Since the uprisings began in March 2011, the U.S. government has intensely pursued calibrated sanctions to deprive the regime of the resources it needs to continue violence against civilians and to pressure the Syrian regime to allow for a democratic transition as the Syrian people demand.

There is 1 question to complete.