The Kennedy Round was much more successful in reducing tariffs than previous rounds because:
A) countries agreed to replace tariffs with VERs.
B) fewer countries participated, thus reducing the potential conflicts.
C) the WTO established a permanent organization to manage the negotiations.
D) the United States finally abandoned the "no injury" clause, thus freeing its negotiators to make more substantial "concessions."
Correct Answer:
Verified
Q28: The General Agreement on Trade and Tariffs
Q29: The U.S. Congress introduced several measures dealing
Q30: If no industry is allowed to be
Q31: Trade liberalization without "injury" to any industry:
A)
Q32: The Long-Term Arrangement on Cotton Textiles (LTA)
Q34: The agendas of the successful Kennedy and
Q35: Participation in the GATT rounds:
A) diminished after
Q36: In general, the many GATT negotiating rounds
Q37: Of the various GATT rounds, the largest
Q38: During the Uruguay Round:
A) much progress was
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