Tarlaw Flashcards by Khen Emploma

The following are functions of the WTO. Which is not included?
a. To ensure a large steadily growing volume of real income and effective demand
b. To serve as a forum for trade negotiations
c. To facilitate the implementation, administration and operation, and further the objectives of the WTO agreements through its bodies and committees
d. To review Member’s trade policies

a. To ensure a large steadily growing volume of real income and effective demand

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This fundamental principle of WTO provides that Members shall not discriminate between their trading partners.
a. MFN principle
b. National treatment principle
c. All of the above
d. None of the above

a. MFN principle

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Which among the following is a fundamental principle of WTO?
a. Special and different treatment for least-developed members
b. Transparency and predictability
c. Both a and b
d. None of the above

c. Both a and b

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What is the highest-decision making body of the WTO?
a. The Ministerial Conference
b. The General Council
c. Trade Negotiations Committee
d. Trade policy review body

a. The Ministerial Conference

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When shall the PH-EFTA Free Trade Agreement enter into force?
a. 1st day of the 3rd month following the date on which at least one EFTA State and the Philippines have deposited their instrument of ratification, acceptance or approval with the Depositary
b. 1st day of the 3rd month following the date on which EFTA States and the Philippines have deposited their instrument of ratification, acceptance or approval with the Depositary
c. 1st day of the 3rd month following the date on which at least one EFTA State have deposited its instrument of ratification, acceptance or approval with the Depositary
d. 1st day of the 3rd month following the date on which at least one ASEAN State and the Philippines have deposited their instrument of ratification, acceptance or approval with the Depositary

a. 1st day of the 3rd month following the date on which at least one EFTA State and the Philippines have deposited their instrument of ratification, acceptance or approval with the Depositary

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In which country did the Philippines deposited its Instrument of ratification for the PH-EFTA FTA?
a. United Kingdom
b. Norway
c. Iceland
d. Japan

b. Norway

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This scheme provides non-reciprocal duty-free tariff treatment to certain goods imported from designated beneficiary countries and also utilizes the principles of Rules of Origin for the application of such tariff concessions. Which among the following is the scheme being referred to?
a. Common Effective Preferential Tariff Scheme
b. Tariff Reciprocity Principle
c. ASEAN Trade in goods Agreement
d. Generalized System of Preferences

d. Generalized System of Preferences

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Under the ATIGA what is the other term referring to Regional Value Content?
a. AFTA Content
b. Originating Value Content
c. ASEAN Value Content
d. Qualifying Value Content

c. ASEAN Value Content

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The Ministerial Conference is composed of the following. Which is not included?
a. Trade Ministers
b. EU Trade Commissioner
c. US Trade Representative
d. None of the above

d. None of the above

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When does Ministerial Conference meet?
a. Twice a year
b. Once every 2 years
c. At least once every 2 years
d. Once a year

c. At least once every 2 years

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This council reports to the General Council and supervises work of committee on matters with regard to market access.
a. Goods Council
b. Services Council
c. Council for Trade-Related Aspects of Intellectual Property Rights
d. Investment Council

a. Goods Council

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How are decisions made at the WTO?
a. By consensus
b. Majority vote
c. Majority vote after reaching a quorum
d. All of the above

a. By consensus

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Which among the following imported input materials used in the production of electric fans in the Philippines is not subjected to the ATIGA ROO CTC criterion?
a. Plastic motor housing from Mexico
b. Electric motors from Myanmar
c. Plastic fan blades from US
d. Steel grills from Taiwan

b. Electric motors from Myanmar

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Under the ATIGA, which among the following formulas uses only the FOB price of the export product and the value of non-originating materials to calculate the Regional Value Content?
a. Direct Method
b. Modified Direct Method
c. Indirect Method
d. Build-Up Formula

c. Indirect Method

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Which is the threshold value of non-originating materials used in the production of export goods that did not undergo the required CTC to qualify as originating under the De Minimis provision of the ATIGA ROO?
a. 40% of the FOB value of the finished goods
b. 10% of the FOB value of the export goods
c. 20% of the CIF value of non-originating goods
d. No such provision exists under the ATIGA ROO, all non-originating materials must comply with the CTC criterion.

b. 10% of the FOB value of the export goods

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Which among the following is not considered as wholly obtained or produced goods pursuant to the ATIGA ROO when exported to the Philippines?
a. Live panda cubs born in Viet Nam. These cubs are the offspring of giant pandas imported from China.
b. Steel ingots produced in Indonesia from steel scraps imported from Taiwan.
c. Fresh flowers picked from plants grown in Malaysia.
d. Broken ‘beyond repair’ Japanese LED televisions collected in Indonesia intended for the recovery of parts of raw materials.

b. Steel ingots produced in Indonesia from steel scraps imported from Taiwan.

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This is a method of tariff reduction proposed in the Tokyo Round negotiation as means to achieve tariff harmonization.
a. Sectoral Formula
b. Harmonization Formula
c. Swiss Formula
d. Cocktail Approach

c. Swiss Formula

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What is the gap between the bound rate and the currently applied tariff rate of bound tariff lines which the Swiss Formula intended to reduce?
a. Harmonization
b. Binding overhang
c. Tariff Binding
d. Tariff gap

b. Binding overhang

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What is the CTC criterion requirement pertaining to non-originating materials used in the manufacture of exported goods under the ATIGA ROO?
a. At least 40% of the non-originating materials should have undergone a change in tariff classification.
b. At least 60% of the input materials used in the production of the export goods should be of ASEAN origin.
c. All non-originating materials should undergo the required change in tariff classification.
d. The value of non-originating materials should not be more than 60% of the value of the exported goods.

c. All non-originating materials should undergo the required change in tariff classification.

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For goods that are not wholly obtained or produced, what is the minimum regional value content requirement for said goods to be considered as originating under the ATIGA ROO?
a. 50%
b. 100%
c. 40%
d. 60%

c. 40%

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The following, except for one, are the tariff shifts required for a change in the origin status of non-originating materials under the CTC criterion of the ATIGA ROO. Which one is the exception?
a. Change in Chapter
b. Change in Tariff Subheading
c. Change in Tariff Heading
d. Change in Tariff Section

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d. Change in Tariff Section

Which one among the following goods with their corresponding RVC is qualified under the partial cumulation provision of the ATIGA ROO when exported to another AMS?
a. Parts of baby cribs with RVC 15%
b. Raw material for plastic toys with RVC 10%
c. Parts of electric fans with RVC 20%
d. Raw materials for sports shoes with RVC of 10%

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c. Parts of electric fans with RVC 20%

Which of the following formulas used in the calculation of ASEAN RVC uses only the FOB price of the exported goods and the value of non-originating materials, parts or goods?
a. Indirect Method
b. Direct Method
c. Modified Direct Method
d. Build-Up Method

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a. Indirect Method

What is the meaning of “tariffication” under the WTO Agreement on Agriculture?
a. Tariffication is a process wherein non-tariff measures are removed and converted into ordinary customs duties
b. Tariffication is a process wherein non-tariff measures are removed and converted into ordinary customs duties corresponding to their ad valorem equivalents
c. Tariffication is a process wherein tariff measures are removed and converted into ordinary customs duties corresponding to their ad valorem equivalents
d. Tariffication is a process wherein non-tariff measures are removed and converted into ordinary customs duties corresponding to their equivalents

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b. Tariffication is a process wherein non-tariff measures are removed and converted into ordinary customs duties corresponding to their ad valorem equivalents

This is a mechanism which authorize the President to increase the MAV with the concurrence of Congress in case of commodity shortages or abnormal price increases of products with MAVs. a. MAV b. MAV Plus c. Flexible Clause d. None of the above

b. MAV Plus

Which among the following Philippine goods are not considered as wholly obtained or produced goods pursuant to the ATIGA ROO when exported to another AMS? a. Old newspapers and magazines for recycling collected in Quezon City b. Volcanic ash from the Taal volcano eruption c. Golden South Sea pearls farmed in Palawan d. Second hand antique wooden furniture

d. Second hand antique wooden furniture

With reference to origin determination, what is the treatment for locally-procured materials produced by established licensed manufacturers and used in the production of goods for export under the ATIGA? a. The materials are to be subjected to origin verification. b. The materials are deemed originating under the ATIGA ROO. c. The materials are deemed non-originating. d. The value of subject materials is excluded in the calculation of the RVC of the finished goods for export.

b. The materials are deemed originating under the ATIGA ROO.

For every instance of calculating the RVC of goods, are Member States allowed to choose which to utilize among the two (2) methods of calculating RVC? a. Yes. Depends on which formula is more preferable and convenient to use. b. No. The method of calculation is specified in the PSR for each product. c. Yes. The decision on which formula to use depends on the manufacturer. d. No. Member States should only adhere to one (1) method of calculating the RVC.

d. No. Member States should only adhere to one (1) method of calculating the RVC.

For a good to be eligible for partial cumulation under the ATIGA, what should be the minimum RVC percentage of said good originating in the Member State where working or processing of the goods has taken place? a. 20% b. 40% c. 50% d. 60%

a. 20%

What is the tariff treatment in the importing Member State for goods exported by a Member State under the partial cumulation scheme of the ATIGA ROO? a. Whichever domestic duty rate is most preferential b. ATIGA rate of duty c. MFN rate of duty d. It is up to the Customs authority of the importing Member State which available duty rate to apply.

c. MFN rate of duty

China exported product into the Philippines placed in its ST with a rate of duty of 20%. Said product is included in the NT of the Philippines with the rate of duty of 10% and MFN rate of 15%. What is the applicable rate? a. 20% b. 10% c. 15% d. Any of the above

c. 15%

For not wholly obtained or produced goods to qualify as originating goods at the exporting AMS, who among the following decides which criterion to utilize between RVC and CTC? a. Issuing Authority of the exporting Member State b. Consignee c. Exporter d. Customs authority of the exporting Member State

c. Exporter

For not wholly obtained or produced goods to qualify as originating goods at the exporting AMS, materials use to produced said goods are required to have undergone a specific manufacturing or processing operation. These rules shall only apply to which of the following materials? a. Originating materials b. Non-originating materials c. ASEAN originating materials d. Neutral materials

b. Non-originating materials

The following are the rules of determining the origin of goods. Which one is different in terms of determining goods origin? a. Value Added Rule b. Specific Process Rule c. Change in Tariff Classification Rule d. Wholly Obtained Rule

d. Wholly Obtained Rule

To be eligible for preferential tariff, can a CTC criterion of the ROO be applied to scissor blades imported from USA and classified under AHTN code 8213.00.00 used in the production of school scissors classified under AHTN code 8213.00.00 in Indonesia for export to the Philippines under the ATIGA? a. Yes, apply Change in Chapter b. Yes, apply Change in Tariff Heading c. Yes, apply Change in Tariff Subheading d. CTC criterion cannot be applied

d. CTC criterion cannot be applied

The concept of sufficient working or processing applied to an export good to determine origin under the ATIGA ROO are listed below, except for one. Which one is the exception? a. Value Added Rule b. Specific Process Rule c. Change in Tariff Classification Rule d. Wholly Produced Rule

d. Wholly Produced Rule

What is the provision under the ATIGA ROO that qualifies goods which have not undergone a change in tariff classification, as originating goods if the value of all the non-originating materials uses in production does not exceed a certain percentage of the FOB value of the final good? a. Goods for exhibition b. Substantial transformation c. De Minimis d. Accumulation

c. De Minimis

What is the treatment for neutral goods in the determination of origin of export goods under the ATIGA ROO? a. The value of neutral elements utilized in the production of the export goods are considered in the calculation of the RVC of subject goods. b. The export goods are deemed non-originating if the neutral elements used in the production were also non-originating in nature. c. The neutral elements utilized must comply with the CTC criterion of the ATIGA ROO for the export goods to be considered as originating in a Member State d. It is not necessary to determine the origin of these neutral elements which were used in the production of, but were not incorporated into the export goods.

d. It is not necessary to determine the origin of these neutral elements which were used in the production of, but were not incorporated into the export goods.

Which among the following refers to procedures which are not to be taken into account in determining whether goods have been originating in a Member State? a. De Minimis operations b. Neutral procedures c. Minimal operations and processes d. Negligible procedures

c. Minimal operations and processes

Which among the following is included in the Special Products under ASEAN-India Free Trade Area? a. Coffee b. Green tea c. Palm d. All of the above

a. Coffee

This refers to the volume or quantity of a specific agricultural commodity that may be imported with a lower tariff as committed by the Philippines to WTO a. MAV b. MAV Plus c. Out-quota-tariff d. In-quota-tariff

a. MAV

What is the product coverage of the Philippine - Japan Economic Partnership Agreement? a. Chapters 1-97 of HS 2002 nomenclature except rice and sugar. b. Chapters 1-97 of HS 2002 nomenclature except rice and salt. c. Chapters 1-97 of HS 2002 nomenclature except corn and sugar. d. Chapters 1-97 of HS 2002 nomenclature except rice and corn.

b. Chapters 1-97 of HS 2002 nomenclature except rice and salt.

Which among the following is not a member state of European Free Trade Association? a. Philippines b. Iceland c. Liechtenstein d. None of the above

a. Philippines

Which one among the following is defined as materials that are interchangeable for commercial purposes with properties that are essentially identical, and which after being incorporated into the finished product cannot be distinguished from one another for origin determination? a. Similar materials b. Fungible goods c. Indistinguishable materials d. Neutral goods

b. Fungible goods

Among the following, which is the policy implementing the ATIGA ROO, specifically on the issuance and verification of the Proof of Origin? a. Implementing Regulations b. Implementing Rules and Regulations on the Issuance of a CO Form D c. Protocol on the Issuance of a Certificate of Origin Form D d. Operational Certification Procedure

d. Operational Certification Procedure

Which among the following is a type of Proof of Origin issued by BOC for goods destined to Thailand based on the presented original Certificate of Origin issued in Viet Nam for the same goods transshipped through the Philippines? a. Certificate of Origin (Form D) b. Preferential Certificate of Origin c. Back-to-back Certificate of Origin (Form D) d. Origin Declaration

c. Back-to-back Certificate of Origin (Form D)

As a matter of procedure, it is a requirement under the ATIGA for Member States to each submit through the ASEAN Secretariat, for dissemination to other Member States, specimen of signatures and official seals of its issuing authorities. In which of the following should these requirements be submitted? a. In soft copy only b. In hard copy and in electronic format c. In hard copy only d. Case-to-case basis, depends on the preferred format of the ASEAN Member State

b. In hard copy and in electronic format

What is the treatment on a CO form D issued in a Member State by an official not included in the list of specimen signatures of issuing authorities submitted to the ASEAN Secretariat? a. The CO Form D will be returned to the importer for rectification b. The CO Form D will be returned to the exporter for amendment c. The CO Form D will not be honored by the receiving Member State d. The CO Form D will be subject to verification

c. The CO Form D will not be honored by the receiving Member State

Under the ATIGA, which of the following is an exporter duly authorized to make out Origin Declarations stating the origin of an exported good? a. Certified Exporter b. Official Exporter c. Authorized Exporter d. ASEAN Exporter

a. Certified Exporter

Which among the following is not a criterion to be eligible for concession under PH-EFTA FTA? a. The product should be in the Inclusion List. b. The product should be wholly obtained. c. The exporter must provide CO Form PE d. The exporter must provide an origin declaration

c. The exporter must provide CO Form PE

Which among the following is not a member of APEC? a. Indonesia b. United States of America c. Puerto Rico d. Chile

c. Puerto Rico

This Declaration identified the Bogor Goals of free and open trade and investment in the Asia-Pacific. a. Bogor Declaration of Common Resolve b. Bogor Goals c. Bogor Declaration d. None of the above

a. Bogor Declaration of Common Resolve

Tarlaw Flashcards

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