Regulations governing conditions under which products are eligible for trading preferences under trade agreements are called:
A) rules of origin.
B) rules of multilateralism.
C) GATT rules.
D) GATS rules.

Question

Quizplus · Accepted Answer

Rules of origin are regulations that determine the criteria that a product must meet to be eligible for preferential treatment under trade agreements. These rules are designed to ensure that only products originating from the member countries of a trade agreement receive preferential treatment, rather than products that are simply trans-shipped through those countries.

Regulations Governing Conditions Under Which Products Are Eligible for Trading