Trade & Vienna Conventions Quiz

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Intl trade and Vienna treaties basics

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mario alvarado

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Trade & Vienna Conventions Quiz


Trade & Vienna Conventions QuizVersión en línea Intl trade and Vienna treaties basics por mario alvarado 1 What does Pacta sunt servanda require of treaty parties? a Treaties may be renegotiated at any time b Treaties must be honored in good faith c Treaties last only 5 years by default d Treaties can be ignored if not enforced 2 Which Vienna Convention is known as the 'Treaty on Treaties'? a Vienna Convention on the Law of Treaties (VCLT) b Vienna Convention on Intellectual Property c Vienna Convention on Trade and Tariffs d Vienna Convention on Environmental Protocols 3 What is the CISG primarily about? a Tariff schedules for member states b Intellectual property rights in ITA c Uniform rules for international sale of goods d Environmental standards in trade 4 What does the WTO primarily deal with? a Global trade rules and dispute settlement b Regional border security c Domestic labor laws d Environmental treaties only 5 ITA-1, adopted in 1996, eliminated duties on which items? a Computers, semiconductors, and telecom equipment b Textiles and apparel c Oil and gas equipment d Agricultural products 6 What is ITA Expansion (ITA-2) known for adding? a Creating a new global currency b Reducing MFN status for services c Eliminating all tariffs on all goods worldwide d Over 200 new tech products to duty-free list 7 Which principle ensures non-discrimination among trading partners in WTO? a Most-Favored-Nation (MFN) b Autarky Principle c National Treatment d Reciprocity only for services 8 Rules of Origin help prevent what trade issue? a Trade deflection to circumvent tariffs b Bi-lateralism with nonprofits c Exemption from all duties by certifying origin d Automatic zero-tariff status for all goods 9 Which agreement focuses on services under WTO? a GATT for goods only b SPS for sanitary measures c GATS (General Agreement on Trade in Services) d TRIPS for IP rights 10 What is the function of Certification of Origin in ITAs? a Certification of environmental compliance b Proof that goods qualify for preferential treatment c Proof of origin of a country d Evidence of labor union approval Feedback 1 Pacta sunt servanda: agreements must be kept in good faith. 2 VCLT (1969) governs treaties, including interpretation and validity. 3 CISG (1980) provides harmonized rules for cross-border sales. 4 WTO is the global framework for trade rules and disputes. 5 ITA-1 targeted high-tech product tariffs. 6 ITA-2 broadened the product coverage for tariff elimination. 7 MFN requires equal treatment of all partners in trade concessions. 8 RoO determine origin to qualify for preferential treatment. 9 GATS extends multilateral rules to services trade. 10 Certification of Origin verifies eligibility for lower tariffs.

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Trade & Vienna Conventions Quiz

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Creada por

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Trade & Vienna Conventions QuizVersión en línea

por mario alvarado

What does Pacta sunt servanda require of treaty parties?

Which Vienna Convention is known as the 'Treaty on Treaties'?

What is the CISG primarily about?

What does the WTO primarily deal with?

ITA-1, adopted in 1996, eliminated duties on which items?

What is ITA Expansion (ITA-2) known for adding?

Which principle ensures non-discrimination among trading partners in WTO?

Rules of Origin help prevent what trade issue?

Which agreement focuses on services under WTO?

What is the function of Certification of Origin in ITAs?

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