Question
The WTO opposes quotas. Why did the WTO not stop the U.S.-Japanese quota during the 1980s? Group of answer choices There was a loophole in
The WTO opposes quotas. Why did the WTO not stop the U.S.-Japanese quota during the 1980s?
Group of answer choices
There was a loophole in the GATT (at the time) that did not restrict nations from "voluntarily" curtailing their own exports.
Quotas are permitted under the GATT and WTOas long as they are implemented for an approved reason.
The political situation at the time was tense; the GATT did not want to take on the powerhouses of the United States and Japan over such a small issue.
The WTO operates by consensus; all parties wanted the quotas.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The World Economy Geography, Business, Development
Authors: Frederick P. Stutz, Barney Warf
6th edition
321722508, 321722507, 978-0321722508
