1. The WTO distinguishes between four modes for the cross-border supply of services. Please define each one. What are the advantages and disadvantages of each of these modes for a company seeking to export its services?

Question 2 (4 marks)

2. Freight forwarders often suggest Australian buyers to use Incoterm DAP instead of DDP. What are the differences between DAP and DDP? Why DAP can be more cost-efficient than DDP for buyers?

Question 3 (4 marks) 3. How is the exporter-distributor relationship different from the standard buyer-seller relationship? Why?