As per the AoA agreement, the developing countries need to cut tariffs . . . . . . . . in years by . . . . . . . .%. Whereas, the developed countries are are required to cut tariffs in . . . . . . . . years by . . . . . . . .%.
A. 5 years 24%, 6 years 30%
B. 10 years 24%, 6 years 36%
C. 6 years 36%, 10 years 24%
D. 10 years 36%, 6 years 24%
Answer: Option B
Related Questions on Foreign Trade Policy
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade

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