Topic: Trade Questions to answer

Order Description
Answer the following items

Describe the national and international trade regulatory environment by:
a. Identifying the roles and responsibilities of the WTO (World Trade Organization)

b.Analyzing the important features of the General Agreement on Tariffs and Trade (GATT)

c. Describing the “Marrakesh Agreement” and major separate treaties annexed to it

d.Comparing and contrasting the roles of the Department of Homeland Security, the Food and Drug
Administration, the U.S. Department of State, and the U.S. Customs and Border Protection Agency and other
regulatory agencies involved in domestic and international trade

2. Identify specific rules and regulations regarding product import or export by:

a.Categorizing and distinguishing the classification to which particular imports/exports belong and the
required regulations to accept shipment

b. Identifying required tariffs and import/export restrictions to products

c. Recognizing and interpreting labeling requirements for products

3. Analyze and conduct cost-risk analysis associated with each import/export transaction by: :

a. Interpreting U.S. Customs and Border Patrol (CBP) priorities, such as intellectual property rights, textiles,
free trade organizations, and agricultural programs

b. Applying free trade organizations standards (NAFTA, etc.) to situations

c. Identifying the responsibilities of the “importer” with regards to tariffs, violations and fines