Fun facts
Trade in goods and services
TRIPS
Random
RTAs etc
100
Scotland’s national animal?
Unicorn
100
Market access and its barriers?
ability of a country's businesses to sell their goods and services in another country.
tariff/non-tariff barriers
100
What is TRIPS?
TRIPS (Trade-Related Aspects of Intellectual Property Rights) is a key legal framework established by the World Trade Organization (WTO) to standardize intellectual property (IP) laws across member countries.
100
"agreements must be kept" in latin
pacta sunt servanda
100
Regional Trade Agreements (RTAs) are?
Regional Trade Agreements (RTAs) are treaties between two or more countries in a specific region (or sometimes beyond a region) to facilitate trade and economic cooperation by reducing or eliminating trade barriers such as tariffs, quotas, and import restrictions.
200
Tesla Roadster has what capabilities?
flying capabilities
200
Dumping and anti-dumping measures?
practice where a country or company exports goods to another country at a price that is lower than the normal value or the cost of production, often below the price charged in its domestic market.
anti-dumping measures - additional tariffs placed on imported goods that are found to be dumped.
200
Intellectual Property covers?
•Copyright
•Trademark
•Patents
•Trade secret
200
a contract through which the parties agree not to disclose any information covered by the agreement?
Non-Disclosure Agreement (NDA)
South Korea's presidential office accused Kyiv of disclosing the transfer of two North Korean prisoners of war to South Korea
200
Types of RTAS?
Free Trade Agreements (FTAs)
Customs Unions (CUs)
Common Markets
Economic Unions
Preferential Trade Agreements (PTAs)
300
Octopuses have how many hearts?
three
300
Modes of Supply (4 ways a service can be traded internationally)
Cross-Border Supply (Mode 1): The service is delivered from one country to another without the movement of the service provider or consumer.
Consumption Abroad (Mode 2): The consumer moves to another country to receive the service.
Commercial Presence (Mode 3): A service provider establishes a commercial presence, like a branch or a subsidiary, in another country.
Presence of Natural Persons (Mode 4): An individual travels temporarily to another country to provide a service.
300
TRIPS, copyright lasts at least how many years?
50 years from the death of the author. Some countries (like the U.S.) extend it to 70 years.
300
France is experiencing what?
300
NT and MFN meaning?
national treatment and most-favoured-nation treatment
400
What is Michelin Guide?
is a restaurant and hotel guide that has been published by the French tyre company Michelin since 1900.
In 1931, Michelin introduced a hierarchy of zero, one, two, and three stars for restaurants. In 1936, Michelin published the criteria for its restaurant rankings.
400
A country can impose ...... when a product is being imported in such increased quantities that it seriously harms the domestic industry.
Emergency safequards
400
To be patentable and minimum duration of patent protection?
To be patentable, an invention must be new, involve an inventive step, and be capable of industrial application. TRIPS sets the minimum duration of patent protection at 20 years from the filing date.
400
queen of pop
Madonna
400
Setting prices so low that competitors are driven out of the market. Once competition is eliminated, the dominant firm raises prices.
Predatory Pricing
500
What is an extremophile?
an organism that is able to live or even thrive in extreme environments, such as extreme temperature (hot or cold), pressure, radiation, salinity, or pH level.
500
Financial contributions provided by governments to domestic industries to enhance their competitiveness.
Subsidies
500
A government can authorize the use of a patent without the owner’s consent, usually for public health, this is called?
Compulsory Licensing
500
The Outer Space Treaty of 1967 explicitly bans what?
claiming sovereignty over the Moon or any other celestial body.
500
Forcing suppliers or customers to deal exclusively with the dominant firm, preventing competitors from entering the market.
Exclusive Dealing