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Chapter 34: Q. 30RQ (page 832)

Do the rules of international trade require that all nations impose the same consumer safety standards?

Short Answer

Expert verified

No

Step by step solution

01

Introduction

International trade refers to the exchange of goods, services, and resources across international borders. International trade law, in general, refers to the laws and norms that regulate cross-national commerce.

02

Explanation 

The rules of international trade do not require all countries to have the same consumer safety standards. Countries can impose safety requirements according to their requirements. But the business is required to follow the regulations of the countries they operate in.

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Most popular questions from this chapter

How does competition, whether domestic or foreign, harm businesses?

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