Which of the following statements regarding the 1994 Agreement on Import Licensing Procedures is false?
A) Applications should not be refused because of minor errors in paperwork.
B) The WTO Import Licensing Committee must be notified if any new products will become subject to licensing requirements.
C) It calls for the procedures to be fair, reasonable, and nondiscriminatory.
D) Where licenses are used to administer quotas, the amount of the quota already used must be published for all importers to see.
E) All of these are correct.
Correct Answer:
Verified
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