Saidee Opened a Textile Business in 1984 That Traded with GATT

question 256

Multiple Choice

Saidee opened a textile business in 1984 that traded with GATT member nations.She thought that by choosing nations that were part of this economic trade agreement she would not encounter tariff barriers,however she has been unable to sell her product in several nations due to the high tariffs placed on textiles.What is the most likely reason for Saidee's predicament?

• A) She misunderstood the purpose of GATT.
• B) The Kennedy Round,which was held in 1964 was only effective for five years.
• C) The Tokyo Round was completed in 1979.
• D) Elimination of tariffs on textiles was passed in the Uruguay Round.

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