Author Question: Which of the following countries received the Permanent-Normal-Trade-Relations status in 2007? a. ... (Read 131 times)

CBme · **on:** Jun 29, 2018

Which of the following countries received the Permanent-Normal-Trade-Relations status in 2007?
a. Saudi Arabia c. Vietnam
b. Iran d. North Korea

Question 2

McDonnell Douglas sold DC-9s to the former Yugoslavia. To secure the order, McDonnell Douglas agreed to help sell products sourced in the former Yugoslavia to buyers in the United States to generate capital to help finance the purchase of the passenger planes. Of which type of countertrade is this an example?
a. Counterpurchase c. Switch Trading
b. Barter d. Offset purchase

underwood14 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

C
In 2007, Vietnam received the PNTR status, which means that Vietnam will be subject to the same customs and minimal tariff treatment as other PNTR countries. This also means that trade and investment in Vietnam are likely to grow rapidly.

Answer to Question 2

D
Offset purchases involve large hard-currency purchases, such as the purchase of defense equipment and airplanes, by a developing country. The seller agrees, in return for the sale of its offering, to purchase products that are valued at a certain percentage of the sale.