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Chapter 20: Q. 30 (page 490)

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

Short Answer

Expert verified

Not necessarily.

Step by step solution

01

Step1. Introduction

Globally, through WTO, after deliberations and discussions, consumer safety standards on products are set in order to ensure the quality and safety of the products.

02

Step2. Explanation

The WTO allows nations to impose their own safety standards on the imports, but the basis of the differing standards must be backed by scientific logic and data. This is done to ensure that the products of certain countries are not specifically discriminated against to discourage the imports from those countries. A country hence can neither have different safety standards for different countries, nor can it have varying standards for domestic production and imported products.

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Most popular questions from this chapter

Explain how predatory pricing could be a motivation for dumping.

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Why would countries promote protectionist laws, while also negotiate for freer trade internationally?

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Trade has income distribution effects. For example,

suppose that because of a government-negotiated

reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint to the Czech Republic. The Czech Republic sells alarm clocks to Germany. Would you expect this pattern of trade to increase or decrease jobs and wages in the paint industry in Germany? The alarm clock industry in Germany? The paint industry in Czech Republic? The

alarm clock industry in Czech Republic? What has to happen for there to be no increase in total unemployment in both countries?
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