Question

uestion 40

Countervailing duties are imposed by a country’s government to protect domestic producers in a given industry against foreign producers, who are accused of receiving from their government export and production subsidies.

True

False

uestion 35

The USMCA is designed just to reactivate NAFTA when it became dormant for over some years.

True

False

uestion 34

The USMCA is designed to update NAFTA and then replace it with a new Name USMCA.

True

False

Answer 1

40 True Reason: Countervailing duties are imposed by governments of countries to prevent dumping and export subsidized goods in their own country, so as to protect the interests of the domestic producers 35 True Reason: The USMCA is the US Mexico Canada free trade agreement, on the lines of NAFTA. When NAFTA acted dormant, the USMCA was developed, also known as NAFTA 2.0 34 False Reason: The USMCA was developed on the lines of NAFTA and is just a ratification of it. It is not meant to replace NAFTA