Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MicroCo makes lens for high-powered microscopes and binoculars. MicroCo has been in business in the U.S. for years and wants to expand to other counties.

MicroCo makes lens for high-powered microscopes and binoculars. MicroCo has been in business in the U.S. for years and wants to expand to other counties. It decides to enter the market in Country Alpha.

The U.S. has decided to give a tax break to the U.S. manufacturers of lenses that export to developing countries. MicroCo decides to take advantage of this tax break and exports a good portion of the lenses it manufactures in the U.S. to Country Alpha, which is developing country eligible under this tax break program. Country Alpha is a signatory to the World Trade Organization (WTO). Country Alpha has a few small lens manufacturers working in its country, but these companies cannot compete with the prices that MicroCo lenses are selling for in Country Alpha. Country Alpha's lens manufacturers complain to their trade authorities in the country about this situation.

Please answer the following:

3) What can country Alpha do to help its lens-manufacturing citizens againstMicroCo'slow importing prices of its lenses? Please make sure your answer explains the following:

(a) The process that Country Alpha must take with the WTO, (b) What remedies are available to them, and

(c) The likelihood they will receive these remedies and why.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elliott And Quinns Tort Law

Authors: Frances Quinn

12th Edition

1292251441, 978-1292251448

More Books

Students also viewed these Law questions

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago