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150

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


150

Custom unions would benefit developed countries more than poorer countries.

A. False

B. True

B. True

150

When did EEC(European Economic Community) become a customs union?

  1. 1957

  2. 1968

  3. 1970

  4. 1990

2. 1968

150

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 

280
When did China and ASEAN create the ASEAN-China Free Trade Area (ACFTA)? 

1. 2008

2. 2009

3. 2010

4. 2011

3. 2010
280

How many free trade agreements these days?

E. 250

F. 600

G. 325

H. 400

H. 400

280

China is the only country/player pushing its preferential trade agreements in the region. 

I. True

G. False  

G. False 

280

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

310

  1. 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.

310

Which country was the first major non-ASEAN country to sign ASEAN’s Treaty of Amity and Cooperation in Southeast Asia (TAC)?

  1. Japan

  2. South Korea

  3. China

  4. India

3. China 

310

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

310

The deepening of trade integration has been primarily market-driven since:

     1. 1980

     2. 1960

     3. 1990

     4. 1970

3. 1990

460

When did the emerging economies generate one-third of the world trade?

1. 1990

2. 2003

3. 2006

4. 2022

3. 2006

460

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.

460

Who is the main factor driving the massive increase in intraregional trade and intraregional division of labor?

  1. India 

  2. Africa 

  3. The US 

  4. The UK

  5. None of the above

5. None of the above (China) 

460

What are the four methods to establish the ‘nationality’ of a product?

  1.  Natural origin  and a change in the tariff heading

  2. A  minimum percentage of value-added and specific production processes

  3. None of the above

  4. All the above

4. All of the above