Question

The U.S. textile industry has had difficulty competing with foreign imports in the past. If the...

The U.S. textile industry has had difficulty competing with foreign imports in the past. If the textile industry lobbies through the president and Congress for quota protection:

a.The U.S. government would have difficulty setting such quotas due to GATT.

b.None of the above.

c.The U.S. government would have to consider the Multifiber Arrangement.

d.The textile industry would have to petition directly to the Fiber Institute for such quotas.

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Answer #1

"A"

The US government will have difficulty setting such quota under the GATT rules which is still under effect in the WTO with the name GATT 1994. It prohibits any such trade distorting practices.

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