Author Question: The World Trade Organization's dispute settlement system has the ability to penalize offending ... (Read 53 times)

lunatika · **on:** Jul 7, 2018

The World Trade Organization's dispute settlement system has the ability to penalize offending nations.

Indicate whether the statement is true or false

Question 2

The General Agreement on Tariffs and Trade (GATT) was designed to promote free trade by reducing both tariffs and nontariff barriers to international trade.

Indicate whether the statement is true or false

Question 3

Explain the role of intellectual property rights in foreign market contractual strategies. What constitutes the infringement of intellectual property?

What will be an ideal response?

Question 4

NAFTA is the international organization that enforces the rules of international trade worldwide.

Indicate whether the statement is true or false

spencer.martell · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

Here to give you a feedback, your answer was right Awesome

Answer to Question 2

Thanks for the answer, I sent you a PM for another one.

Answer to Question 3

Intellectual property rights (IPRs) are the legal claims that protect the proprietary assets of firms and individuals from unauthorized use by other parties. They derive from patents, trademarks, copyrights, and other protections associated with intellectual property. IPRs provide inventors with a monopoly advantage for a specified period of time, so they can exploit their inventions not only to recoup their investment costs and create commercial advantage, but also to acquire power and market dominance free of direct competition. The availability and enforcement of these rights vary from country to country. Without such legal protection and the assurance of commercial rewards, most firms and individuals would have little incentive to invent.
Infringement of intellectual property is the unauthorized use, publication, or reproduction of products and services protected by a patent, copyright, trademark, or other intellectual property right. Such a violation amounts to piracy and takes the form of production and distribution of counterfeit goods. For example, annual piracy losses in CDs and music exceed 100 million in Brazil, and losses in business software exceed 1 billion in Russia.
Counterfeiters may use a product name that differs only slightly from that of a well-known brand; it is similar enough that buyers associate it with the genuine product but just different enough so that prosecution is hampered. While firms such as Rolex and Tommy Hilfiger are well-known victims, counterfeiting is also common in such industrial products as medical devices and car parts. Counterfeiters even have faked entire motor vehicles. Authorities uncovered 23 unauthorized Apple stores in southeast China, selling fake iPads and counterfeit smartphones.

Answer to Question 4

FALSE