ECONOMICS (CBSE/UGC NET)

ECONOMICS

BARRIERS TO TRADE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The European Union prohibits the importing of meat products from animals treated with growth-promoting hormones.
A
Tariffs
B
Quotas
C
Preservation of Standards
D
Export Subsidies
E
Embargo
Explanation: 

Detailed explanation-1: -In 1981, with Directive 81/602/EECEN•••, the EU prohibited the use of substances having a hormonal action for growth promotion in farm animals. Examples for these kind of growth promoters are oestradiol 17ß, testosterone, progesterone, zeranol, trenbolone acetate and melengestrol acetate (MGA).

Detailed explanation-2: -The FDA has stated that the meat from animals treated with hormones is safe for consumption at any time. There isn’t a waiting period between when the hormones are administered, the meat is sold and then consumed.

Detailed explanation-3: -Since the 1950s, the Food and Drug Administration (FDA) has approved a number of steroid hormone drugs for use in beef cattle and sheep, including natural estrogen, progesterone, testosterone, and their synthetic versions.

Detailed explanation-4: -The precautionary principle means that in a case of scientific uncertainty, the government may take appropriate measures proportionate to the potential risk (EC Regulation 178/2002). In 1996, the EU banned imported beef from the US and continued to do so after the 2003 Mad Cow scare.

There is 1 question to complete.