Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 6: Problem 8

Under the Tokyo Round of trade negotiations, what were the major policies adopted concerning non-tariff trade barriers? What about the Uruguay Round?

Short Answer

Expert verified
The Tokyo Round (1973-79) aimed at reducing non-tariff barriers such as product standards, procurement practices, and custom procedures. The Uruguay Round (1986-94) dealt more comprehensively with non-tariff barriers through policies on services, intellectual property, dispute settlement, and trade policy reviews.

Step by step solution

01

Understand the Tokyo Round

The Tokyo Round, from 1973 to 1979, was the seventh round of Multilateral trade negotiations (MTN) under the auspices of the General Agreement on Tariffs and Trade (GATT), primarily focused on reducing non-tariff barriers to trade. Investigate the specifics of these non-tariff barrier reductions – these generally include policies such as product standards, procurement practices, and custom procedures.
02

Understand the Uruguay Round

The Uruguay Round, from 1986 to 1994, was the eighth round of MTN under GATT, and led to the establishment of the World Trade Organization (WTO). This round dealt comprehensively with non-tariff trade barriers. Obtain specifics on the policies concerning non-tariff trade barriers implemented during this round – this typically involves services, intellectual property, dispute settlement, and trade policy reviews.
03

Compare the policies of both rounds

Compare the policies concerning non-tariff trade barriers that were adopted during both the Tokyo and Uruguay Rounds. Highlight the key differences and similarities between the two.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

What are trade remedy laws? How do they attempt to protect U.S. firms from unfairly (fairly) traded goods?

What is the purpose of economic sanctions? What problems do they pose for the nation initiating the sanctions? When are sanctions most successful in achieving their goals?

If the United States is a net importer of a product that is being subsidized or dumped by Japan, not only do U.S. consumers gain, but they also gain more than U.S. producers lose from the Japanese subsidies or dumping. Explain why this is true.

Describe the industrial policies adopted by the U.S. government. How have these policies differed from those adopted by Japan?

GATT and its successor, the World Trade Organization, have established a set of rules for the commercial conduct of trading nations. Explain.
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free