In EU Measures Concerning Meat and Meat Products,the WTO Dispute

question 12

Multiple Choice

In EU Measures Concerning Meat and Meat Products,the WTO Dispute Resolution Panel decided:

• A) the EC's regulation permitting zero residue violates the SPS agreement because internationally accepted standards permit residue.
• B) where no internationally accepted standards exist, the EC ban on that hormone was not allowed because it was not based on a risk assessment using scientifically accepted principals.
• C) the decision of the Dispute Resolution Body was overturned by the WTO Appellate Body in January of 1998.
• D) both the EC's regulation permitting zero residue violates the SPS agreement because internationally accepted standards permit residue and where no internationally accepted standards exist, the EC ban on that hormone was not allowed because it was not based on a risk assessment using scientifically accepted principals are true.

---

Definitions:

Note Payable

A formal, written agreement to pay a certain amount of money, typically including interest, to the lender at a future date or on demand.

Write-off

The accounting action of declaring an asset's value as zero, often due to irrecoverable debts or asset devaluation.

Uncollectible Account

Refers to receivables that a company has deemed impossible to collect, recognizing it as a bad debt expense.

Repayment of Loan

The process of paying back borrowed money to the lender, typically involving periodic payments of principal and interest over a set term.