Do the Provisions of the GATT and WTO Permit Countries

question 125

Multiple Choice

Do the provisions of the GATT and WTO permit countries to
Apply their own environmental regulations against imports?

• A)No; environmental regulations applying to domestic production and imports need to be negotiated internationally
• Under treaties such as the Kyoto Protocol.
• B)No; environmental regulations applying only to imports need to be negotiated internationally under treaties such as the Kyoto
• Agreement.
• C)Yes; and countries may require stricter environmental regulations for imports than for domestic production.
• D)Yes; as long as environmental regulations apply uniformly to domestic production and imports.

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Definitions:

Sale-On-Approval Contracts

Contracts that allow buyers to take possession of goods before deciding whether to complete the purchase, often used in sales where inspection is necessary.

Condition-Or-Sale Contracts

Agreements that stipulate the sale of goods is dependent on certain conditions being met, often used to protect the interests of the seller.

UCC

The Uniform Commercial Code, a set of laws that govern commercial transactions in the United States.

Simple Delivery Contract

An agreement where goods are transferred directly from the seller to the buyer without any special conditions or requirements.