use some example to explain the criterion in justifying like product

Solutions

Expert Solution

An example to explain the criterion in justifying like product is below:

Suppose a company in USA manufactures perfume of specific fragrance using its own techniques and manufacturing practices and sells it's under its own brand name locally as well as internationally. Now for instance, some company in UK starts manufacturing similar perfume with almost simliar fragrance using its own manufacturing technique and markets the perfume under its own brand name and sells it locally as well as internationally. Now as per WTO, any trading member of WTO cannot discriminate between the two companies and have to give equal importance to the two brands of perfume since they are both 'like products'. This is the criterion used by WTO in justifying like products and any trading member of WTO cannot discriminate between the two like products and have to import both the products if at all they decide to import, without giving any special treatment to one product and not to other.

keosha answered 6 hours ago

Next > < Previous

Related Solutions

What are some arguments justifying the continual use of the death penalty, and what are arguments...

What are some arguments justifying the continual use of the death penalty, and what are arguments for abolishing it? (You need to explain the arguments/issues in some detail and specificity

1. Give an example of a product you would like to make and sell (like coffee...

1. Give an example of a product you would like to make and sell (like coffee - just pretend). a.What are some of the variable costs, fixed costs, mixed costs? b. What are some of the product costs versus period costs? c. What are the direct materials, direct labor, manufacturing overhead costs? Write this out as if you were giving it to a potential business partner

use a phones as an example of a product , describe the Sustainability considerations in the...

use a phones as an example of a product , describe the Sustainability considerations in the lifecycle of the product Manufacturability ..you might use block diagrams etc...

What type of data is required for criterion-referenced testing? Why would we use criterion-referenced testing as...

What type of data is required for criterion-referenced testing? Why would we use criterion-referenced testing as opposed to norm-referenced testing in some scenarios? Explain your answer. Give two examples of criterion-referenced tests in health and human performance. (6 pts)

1.Use a developing country as an example to explain some economic have expanded faster than others...

1.Use a developing country as an example to explain some economic have expanded faster than others in the history. 2.What are the conditions or factors that impact growth and how do we measure growth?

please use an example to explain ABC

What is meant by the term criterion as it is used in personal selection? Give some...

What is meant by the term criterion as it is used in personal selection? Give some examples of criteria used for jobs with which you are familiar? Important: I need an example in a retail store company that illustrates this case.

Pose a question like following that with some kind of uncertainty. Maybe environmental tax? An example...

Pose a question like following that with some kind of uncertainty. Maybe environmental tax? An example : Question: Why is unemployment insurance mandatory? I think this question pertains to the course because insurance is something that people buy to mitigate against uncertain outcomes. I suspect there might be some market failures due to moral hazard and/or adverse selection, and I would like to investigate these.

Explain and give an example of some ways to cope with stressors.

five basic principles of Finance ??? explain with some example ??

Subjects