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The “Special 301” Report is released by which of the following organisations?
- a)World Trade Organization (WTO)
- b)Financial Action Task Force (FATF)
- c)US Trade Representative (USTR)
- d)World Economic Forum (WEF)
Correct answer is option 'C'. Can you explain this answer?
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The “Special 301” Report is released by which of the follo...
In News: The US Trade Representative (USTR) recently released the ‘Special 301’ investigation report, slamming India’s digital services tax (DST).
Option C is correct: The Office of the United States Trade Representative (USTR) is responsible for developing and coordinating US international trade. Section 301 (US Trade Act) gives the USTR broad authority to investigate and respond to a foreign country’s action which may be unfair or discriminatory as well as negatively affect US commerce. It was adopted through the 1974 Trade act, the Section allows the US President to impose tariffs or other curbs on foreign nations.
Option C is correct: The Office of the United States Trade Representative (USTR) is responsible for developing and coordinating US international trade. Section 301 (US Trade Act) gives the USTR broad authority to investigate and respond to a foreign country’s action which may be unfair or discriminatory as well as negatively affect US commerce. It was adopted through the 1974 Trade act, the Section allows the US President to impose tariffs or other curbs on foreign nations.
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The “Special 301” Report is released by which of the following organisations?a)World Trade Organization (WTO)b)Financial Action Task Force (FATF)c)US Trade Representative (USTR)d)World Economic Forum (WEF)Correct answer is option 'C'. Can you explain this answer?
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