Under the GATT, Which Trade Remedy Can Importing

question 71

Multiple Choice

Under the GATT, which trade remedy can importing
Countries use to offset export subsidies?

• A)antidumping duties
• B)safeguard duties
• C)quotas
• D)countervailing duties

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Definitions:

Substantial Performance

Substantial performance refers to a situation where a party has fulfilled enough of their contractual obligations to warrant payment, even if minor elements are still uncompleted.

Strict Performance

A legal concept that requires parties to completely fulfill the obligations of a contract without deviation.

Unconditional Duty

An obligation that must be fulfilled without any conditions or stipulations.

World Famous

describes a person, place, or thing that is widely recognized and honored across the globe.