Explore BrainMass

Explore BrainMass


    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Country A decided to impose import quotas on countries B and C but not on countries D and E. Based on GATT, what are the legal arguments that countries B and C can present to counter such measure?

    © BrainMass Inc. brainmass.com March 4, 2021, 5:53 pm ad1c9bdddf

    Solution Preview

    The General Agreement on Tariffs and Trade (typically abbreviated GATT) was originally created by the Bretton Woods Conference as part of a larger plan for economic recovery after World War II. The GATT's main purpose was to reduce barriers to international trade. This was achieved through the reduction of tariff barriers, quantitative restrictions and subsidies on trade through a series of different ...

    Solution Summary

    Legal arguments of GATT (General Agreement on Trades and Tarriffs) regarding quotas and imports.