Under rules of the GATT, exporting countries can expect
Importing countries to impose _______ to offset their
Export subsidies.
A)antidumping duties
B)countervailing duties
C)safeguard duties
D)quotas

Question

Quizplus · Accepted Answer

Countervailing duties are specifically designed to offset the effects of export subsidies. They are imposed by importing countries to neutralize the negative effects of export subsidies given by exporting countries. Antidumping duties are imposed when an exporting country exports a product at a price lower than the price at which it is sold domestically, with the intention of driving out competition in the importing country. Safeguard duties are imposed to protect domestic industries from unexpected increases in imports, while quotas limit the amount of a particular product that can be imported into a country.

Under Rules of the GATT, Exporting Countries Can Expect