Saidee opened a textile business in 1984 that traded with GATT member nations.She thought that by choosing nations that were part of this economic trade agreement she would not encounter tariff barriers,however she has been unable to sell her product in several nations due to the high tariffs placed on textiles.What is the most likely reason for Saidee's predicament?
A) She misunderstood the purpose of GATT.
B) The Kennedy Round,which was held in 1964 was only effective for five years.
C) The Tokyo Round was completed in 1979.
D) Elimination of tariffs on textiles was passed in the Uruguay Round.

Question

Quizplus · Accepted Answer

The Uruguay Round of GATT negotiations resulted in the Agreement on Textiles and Clothing, which called for the gradual elimination of textile and clothing quotas and the reduction of tariffs on these products. Therefore, Saidee's inability to sell her textiles in some nations may be due to the fact that the elimination of tariffs on textiles was only passed in the Uruguay Round, which took place after her business was established in 1984.

Saidee Opened a Textile Business in 1984 That Traded with GATT