The WTO opposes quotas.Why did the WTO not stop the U.S.
Japanese quota during the 1980s?
A) There was a loophole in the GATT (at the time) that did not restrict nations from "voluntarily" curtailing their own exports.
B) Quotas are permitted under the GATT and WTO-as long as they are implemented for an approved reason.
C) The political situation at the time was tense; the GATT did not want to take on the powerhouses of the United States and Japan over such
A small issue.
D) The WTO operates by consensus; all parties wanted the quotas.
Correct Answer:
Verified
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