IGS 10a Lecture Notes - Lecture 21: Uruguay Round, Legal Personality, General Agreement On Tariffs And Trade
26 Aug 2016
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Key elements of general agreement on tarrifs and trade/wto. Try to use these to limit products that come into the country ( put 45% tarrif on products from china -trump) Non-tarriff barriers (when want to protect own producers) Can say that products are dangerous/low-quality/unsuited to our environment. Some things you sell aren"t suited to our country. For long time, japanese govt. has insisted that japanese digestive systems are so delicate that only japanese beef is ok for japanese people. Complete ruse in order to protect japanese cattel ranchers. Sure you can sell us cars- 60,000 cars- but no more . Us used to have import quotes on japanese cars in 1980s (60,000 toyotas show up at dock and they sell out in a week- no more toyotas for rest of the year) Really important and controversial, especially in current presidential campaign. If you argue that country dumps products on you it means they are trading unfairly.
