ECONOMICS
BARRIERS TO TRADE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Tariffs
|
|
|
Quotas
|
|
|
Preservation of Standards
|
|
|
Export Subsidies
|
|
|
Embargo
|
Detailed explanation-1: -4 The panel concluded, in its report of 15 May 1998, that the US import ban on shrimp and shrimp products was not consistent with Art. XI GATT and could not be justified under Art.
Detailed explanation-2: -Shrimp and Turtle case The government successfully argued that jurisdiction for anything dealing with embargoes was under the purview of the United States Court of International Trade. The suit was based on Public Law 609:101-162, which was not an amendment to the Endangered Species Act although it is often said to be.
Detailed explanation-3: -Conservationists have helped sea turtles in Florida avoid disorientation by reducing light pollution and increasing the use of turtle-friendly lighting along beaches.