Which Industries Are More Heavily Protected In The United States And Japan?
315 Words2 Pages
The more heavily protected industries in the US and Japan are infant industries. This is done because market forces don’t support industry development with foreign competition and the positive externalities to the national economy that wages and revenues provide.
2. What new areas of trade and investment received coverage under the agreement signed after the Uruguay Round of the General Agreement on Tariffs and Trade?
The new areas that received coverage under the Uruguay Round of GATT were agricultural, trade in services, textiles & clothing, international investment,
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