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The term ‘Rules of Origin’ is sometimes seen in the news with reference to
  • a)
    Permitting foreign educational institutions to set up their campuses in the domestic country.
  • b)
    Regulating investment through Participatory-Notes to prevent round tripping of black money.
  • c)
    Granting licenses to foreign e-commerce firms to operate in the domestic country.
  • d)
    Developing trading norms to prevent dumping of foreign goods in the domestic  market.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The term ‘Rules of Origin’ is sometimes seen in the news w...
  • Rules of origin are the rules to attribute a country of origin to a product in order to determine its "economic nationality". The need to establish rules of origin stems from the fact that the implementation of trade policy measures, such as tariffs, quotas, trade remedies, in various cases, depends on the country of origin of the product at hand.
  • Rules of origin are used:
    • to implement measures and instruments of commercial policy such as anti-dumping duties and safeguard measures;
    • to determine whether imported products shall receive most-favoured-nation (MFN) treatment or preferential treatment;
    • for the purpose of trade statistics;
    • for the application of labelling and marking requirements; and
    • for government procurement.
  • General Agreement on Tariffs and Trade (GATT) has no specific rules governing the determination of the country of origin of goods in international commerce. Each contracting party was free to determine its own origin rules, and could even maintain several different rules of origin depending on the purpose of the particular regulation.
  • During international trade, an exporting country needs to show a certificate under norms of "rules of origin" to prove that the commodity or a product originates there. Rules of origin norms help in containing dumping of goods. Hence option (d) is the correct answer.
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The term ‘Rules of Origin’ is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic country.b)Regulating investment through Participatory-Notes to prevent round tripping of black money.c)Granting licenses to foreign e-commerce firms to operate in the domestic country.d)Developing trading norms to prevent dumping of foreign goods in the domestic market.Correct answer is option 'D'. Can you explain this answer?
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The term ‘Rules of Origin’ is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic country.b)Regulating investment through Participatory-Notes to prevent round tripping of black money.c)Granting licenses to foreign e-commerce firms to operate in the domestic country.d)Developing trading norms to prevent dumping of foreign goods in the domestic market.Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The term ‘Rules of Origin’ is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic country.b)Regulating investment through Participatory-Notes to prevent round tripping of black money.c)Granting licenses to foreign e-commerce firms to operate in the domestic country.d)Developing trading norms to prevent dumping of foreign goods in the domestic market.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term ‘Rules of Origin’ is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic country.b)Regulating investment through Participatory-Notes to prevent round tripping of black money.c)Granting licenses to foreign e-commerce firms to operate in the domestic country.d)Developing trading norms to prevent dumping of foreign goods in the domestic market.Correct answer is option 'D'. Can you explain this answer?.
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