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28 Cards in this Set
- Front
- Back
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NAFTA Stands for? |
NORTH AMERICAN FREE TRADE AGREEMENT |
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This is free trade agreement between Canada, Mexico, and the US |
NAFTA (NORTH AMERICAN FREE TRADE AGREEMENT) |
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NAFTA is a free trade agreement between what countries? Hint: North American countries that starts with letters C, M, U |
CANADA, MEXICO, US |
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The Largest free trade area in the world |
NAFTA |
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NAFTA was negotiated between ____ and ___, and it was approved by the national legislature of the three countries in 1993 before entering into legal force on _________
identify the years using the ff. choices 1993 1991 Jan. 19, 2000 Jan 1, 1994 1985 1994 |
It was negotiated between 1991 and 1993, and it was approved by the national legislature of the three countries in 1993 before entering into legal force on Jan. 1, 1994. |
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T/F NAFTA is an important model for modern Free Trade Agreements (FTAs) because of the LOW level of liberalization embodied in the final text. |
FALSE- HIGH |
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Model established by GATS negotiator in supplying services. the provision of services by natural persons who represent in the territory of the other Party A. mode 4 b. mode 3 |
MODE 4 |
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T/F NAFTA Parties did not make Mode 4 commitments to allow natural persons to work in their countries under their schedule of service commitments |
TRUE |
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Four Basic Protections to NAFTA investors |
i. Non-discriminatory treatment ii. Freedom from performance requirements iii. Free transfer of funds related to an investment iv. Expropriation only in conformity with international law |
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an article of NAFTA that requires investors to receive a ‘minimum standard of treatment including fair and equitable treatment and full protection and security A. Art. 1110 B. Art. 1105 |
Art. 1105 |
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a NAFTA government may not expropriate an investment made an investor from other NAFTA countries other than for a public purpose, one non-discriminatory basis and in accordance with dues process of law. A. Art. 1110 B. Art. 1105 |
Art. 1110 |
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Compensation must be paid without delay at the fair market value of the expropriated investment, plus any applicable interest, and must be freely realizable and transferable. A. Art. 1110 B. Art. 1105 |
Art. 1110 |
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ASEAN stands for? |
Association of South-east Asian Nations (ASEAN) |
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was established on Aug. 8, 1967 in Bangkok, Thailand by five founding members namely Indonesia, Malaysia, Philippines, Singapore, and Thailand. A. NAFTA B. ASEAN |
ASEAN |
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ASEAN was established on what date? |
Aug. 8, 1967 |
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Where was ASEAN was established |
BANGKOK THAILAND |
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Five founding members of ASEAN |
INDONESIA MALAYSIA VIETNAM SINGAPORE THAILAND PHILIPPINES |
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T/F The ASEAN Declaration/ Bangkok Declaration states that one of the main objectives of ASEAN is to accelerate regional economic growth |
TRUE |
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AFTA stands for? |
ASEAN FREE TRADE AGREEMENT |
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refers to products on which ASEAN countries are ready to commit to eliminate import duties, quantitative restrictions and other NTBs a. Inclusion list (IL) b. CEPT Scheme Temporary Exclusion List TEL c. Sensitive and Highly Sensitive List (SL) d. General Exception List (GEL) |
Inclusion list (IL) |
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allows a member state to temporarily delay the transfer of a product from its TEL into the IL or to temporary suspend its concession on a product already transferred into the IL. a. Inclusion list (IL) b. CEPT Scheme Temporary Exclusion List TEL c. Sensitive and Highly Sensitive List (SL) d. General Exception List (GEL) |
CEPT Scheme Temporary Exclusion List TEL |
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ASEAN-6 are required to phase sensitive products into the CEPT Scheme beginning from Jan. 1, 2001 with some flexibility but not later than Jan. 1, 2003, and shall have completed their phasing in by Jan.1, 2010 a. Inclusion list (IL) b. CEPT Scheme Temporary Exclusion List TEL c. Sensitive and Highly Sensitive List (SL) d. General Exception List (GEL) |
Sensitive and Highly Sensitive List (SL) |
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to protect national security, public morals, human, animal or plant life and health, and articles or artistic, historic and archaeological value a. Inclusion list (IL) b. CEPT Scheme Temporary Exclusion List TEL c. Sensitive and Highly Sensitive List (SL) d. General Exception List (GEL) |
General Exception List (GEL) |
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AFAS stands for? |
ASEAN Framework Agreement on Services |
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AEC stands for? |
ASEAN ECONOMIC ACTIVITY |
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APEC stands for? |
ASIA PACIFIC ECONOMIC COOPERATION |
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T/F The APEC is a negotiation forum and not a dialogue forum |
FALSE - dialogue forum not negotiation |
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T/F The commitments within the APEC are generally not as closely binding as within the ASEAN and WTO |
TRUE |
