Which of the following are regulations that nations in regional trade blocs establish to delineate product categories eligible for trading preferences?
A) trade quotas
B) trade tariffs
C) rules of law
D) rules of origin

Question

Quizplus · Accepted Answer

Rules of origin are regulations established by nations in regional trade blocs to delineate product categories eligible for trading preferences. They define the minimum amount of local content required in goods traded within the bloc and help prevent non-member countries from gaining access to preferential treatment by passing off their goods as originating from within the bloc. Trade quotas and tariffs are other types of trade barriers that may be used to regulate trade between regional blocs. Rules of law are legal regulations that apply to all aspects of trade, but they do not specifically define product categories eligible for trading preferences.

Which of the Following Are Regulations That Nations in Regional