Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
1. Which of the following statement is correct?
1. Which of the following statement is correct?
a. In order to qualify for area treatment under NAFTA, goods must be wholly obtained or produced entirely in North America.
b. Area treatment provides that qualifying goods will pass tariff-free or with a reduced tariff from the territory of one member country into another.
c. Goods manufactured in a non-member country that are imported into Canada and repackaged will qualify for area treatment when they are shipped into the US and Mexico.
d. None of the above is correct.
2. Which of the following is true?
a. Free trade areas and customs unions are a violation of the most-favoured-nation principles, but were permitted by the contracting parties to the GATT so long as they created trade.
b. Free trade areas and customs unions are a violation of the national treatment principle, but were permitted by the contracting parties to the GATT so long as they created trade.
c. Free trade areas and customs unions do not conflict with the either the most-favoured-nationor national treatment principles of the GATT
d none of the above is true.
