First section
Policy-led trade integration refers to government-induced trade integration, in particular the creation of preferential trade agreements such as free trade areas and customs unions.
Y. True
N. False
Y. True
Custom unions would benefit developed countries more than poorer countries.
A. False
B. True
B. True
When did EEC(European Economic Community) become a customs union?
1957
1968
1970
1990
2. 1968
Market-led trade integration refers to the tendency of firms to obtain raw materials, intermediate products and end products across borders from the highest source.
7. True
8. False
8. False
1. 2008
2. 2009
3. 2010
4. 2011
How many free trade agreements these days?
E. 250
F. 600
G. 325
H. 400
H. 400
China is the only country/player pushing its preferential trade agreements in the region.
I. True
G. False
G. False
Customs union contributes to:
A. Eliminate trade barrier, tariffs and quantitative restrictions among partners
B. Impose a harmonized external tariff on third party
C. Trade creation
D. All of the above
D. All of the above
The reasons for the fast changes in the rise of FTAs:
A. Traditional security issues are no longer as important as they used to.
B. The countries have learned that economic instability is a greater concern than traditional security risks.
C. The economies in Asia are growing ever closer together.
D. The political rivalry between China and Japan.
E. All of the above.
E. All of the above.
Which country was the first major non-ASEAN country to sign ASEAN’s Treaty of Amity and Cooperation in Southeast Asia (TAC)?
Japan
South Korea
China
India
3. China
Asia-wide PTA can help to:
A. Reduce the complexity of the administration of trade.
B. Eliminate the current competition between China and Japan through trade policy.
C. All of the above
D. None of the above
C. All of the above
The deepening of trade integration has been primarily market-driven since:
1. 1980
2. 1960
3. 1990
4. 1970
3. 1990
When did the emerging economies generate one-third of the world trade?
1. 1990
2. 2003
3. 2006
4. 2022
3. 2006
As of July 2010, how many FTA is China participating in?
A. A total of 15 FTAs; 8 of the agreements are across and within the Asia-Pacific region. Of this number, 5 FTAs are proposed and 2 are under negotiation.
B. A total of 20 FTAs; 10 of the agreements are across and within the Asia-Pacific region. Of this number, 6 FTAs are proposed and 4 are under negotiation.
C. A total of 25 FTAs; 15 of the agreements are across and within the Asia-Pacific region. Of this number, 8 FTAs are proposed and 2 are under negotiation.
C. A total of 25 FTAs; 15 of the agreements are across and within the Asia-Pacific region. Of this number, 8 FTAs are proposed and 2 are under negotiation.
Who is the main factor driving the massive increase in intraregional trade and intraregional division of labor?
India
Africa
The US
The UK
5. None of the above (China)
What are the four methods to establish the ‘nationality’ of a product?
Natural origin and a change in the tariff heading
A minimum percentage of value-added and specific production processes
None of the above
All the above
4. All of the above