Which of the Following Statements Regarding Technical Barriers to Trade

question 55

Multiple Choice

Which of the following statements regarding technical barriers to trade is false?

• A) Despite decades of work by the European Union, thousands of new national standards have arisen.
• B) Japan and the United States have had a long history of disputes over Japanese technical barriers to trade.
• C) Most standard setting in the European Union takes place through the European Committee for Standardization.
• D) Japanese technical regulations and standards are readily available to importers and exporters.
• E) All of the above are true.

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Definitions:

Third Party

An entity not directly involved in a transaction or agreement but who may be affected by it or have interests in its outcome.

Liable

Being legally responsible for something, typically referring to the obligation to pay damages or compensation.

Contracts

Legally binding agreements between two or more parties that are enforceable by law.

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, resulting in injury or harm constituting the basis for a claim by the injured party.