examen 3 semestre Flashcards
Regulate and promote foreign trade, increase the competitiveness of the national economy, promote efficient use of the country’s productive resources, integrate the mexican economy with the international one, defend the productive plant of unfair practices and contribute to the welfare of the population.
the main objective of foreign trade
what does the article 4 of foreign trade law tell us?
right to establish measures
who is the one that can put restrictive measures?
the government of the republic
whats the purpose of the foreign trade law?
regulate and promote foreign trade
who can propose tariff modifications to the executive power?
the ministry of economy
what are ad-valorem tariffs?
fixed percentage of the good imported
What is the formula to calculate a country’s GDP?
GDP= C + I + G + X - I
What is one of the main customs related authority in Mexico?
SAT
Which customs-related law is a legal instrument through which Mexican commercial policy is
defined?
General Import and Export Tax Law (LIGIE)
What is the treaty with which the WTO was created?
The Marrakesh Agreement
What does GATT stand for?
General Agreement on Tariffs and Trade
Which scheme regulates dispute settlement in the WTO?
The Uruguay round agreement
When was formally initiated the Process of Accession of Mexico to the GATT
1985
In the round of negotiations what
happened in Ginebra 1947?
Formation of GATT
Which is NOT part of the WTO’s administrative
structure?
1. the ministerial conference
2. the general conference
3. the general council
The general conference
How many parts does the GATT had?
4
How many international observer organization does the WTO currently have?
7
Why did the prices go up so drastically in 1917?
- the demand of raw materials
- shipping complications
- the discontinuance of trade with some nations
Mention the greatest trade flows in the world in 1913
canada and US to the UK
What treaty made official the alliance between the Austro-Hungarian and German empires?
The austro-german treaty
which countries signed the Entente Cordiale?
France and Britain
When did globalization completely recovered after WWI?
1970
With the dissolution of which empire the exports dropped drastically from 1913-1923?
Russian empire
What was the commercial Pre-WWI period called?
The price depression
What was the country that wanted to impose itself in the historical period “imperialism”?
The UK
When did the Great Depression ocurred?
thursday 24 of october of 1929
Which plan helped resolve the Great Depression
new deal
It reÿers to conflicts between different nation-states and conflicts between people and organizations in different nation-states.
international conflict
There are main reasons of why an International Conflict occurs, how many are they?
5
How do conflicts indirectly affect the population?
Through detrimental impacts on political and social institutions and destruction of infrastructure.
how do conflicts impact trade ?
increasing the sales of the country in conflict
Why does an armed conflict taking place on another continent affect inflation on our continent?
because the countries involved are major exporters of commodities in our country
Why is international trade affected by armed conflicts that take place between only 2 countries?
because it affects the import and export of these countries and the closing of borders and ports
What are the two types of armed conflicts?
national and international
How does international armed conflicts affect foreign trade?
Supply chains, imports and exports, increase of prices of goods
What are International Conflict Resolutions concerned about?
remove tension between states
how many years are calculated to have had no war
270
Goods which add to or subtract from the
stock of material resources of a country by entering or leaving its economic territory
trading goods
which is an example of consumption abroad?
having a medical procedure done in another country
In what year did The General Agreement on
Trade in Services (GATS) treaty come into
force?
1995
Which of the following was NOT an
objective of the Uruguay Round?
a. Reducing agricultural subsidies
b. Lifting restrictions on foreign investment
c. Begin the process of opening trade in
services
d. Encourage sustainable trade development
d. Encourage sustainable trade development
The most favored nation (MFN) principle means that all countries should treat all their trade partners
equally
Which of these GATT principles said that
all member countries have the same status?
Principle of equality among states
