Reading Comprehension – Test 129

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives. <br><br> The main message that was conveyed by these investigations was that American businesses strong disapproved several of India's key policies on trade and investment and that these policies had to be amended. Although in 2014, the USITC seemed to support the direction of the Modi government's economic policies in its first few months, in the second report, which covered the government's first year in office, the familiar tone of disagreement over India's trade and investment policies appeared once again. The investigations conducted by the U.S. agencies raise several issues of propriety, procedures and substance. These three dimensions need to be understood well for this is the only way in which the Government of India can prepare appropriate responses to the persistent questioning by the U.S. administration of its trade and investment policies. <br><br> The first is the issue of propriety. It is important to mention here that all of India's trade-related policies which include intellectual property rights that were investigated and questioned in the two USITC reports were done under the cover of the U.S.'s domestic laws. This is tantamount to unilateralism, the response to which should be an unequivocal "no" in this age of multilateralism, where differences on policy issues between sovereign countries must be resolved in the appropriate multilateral forums. The possibilities of a stronger power using unilateral means should be eliminated. It is in this spirit that the General Agreement on Tariffs and Trade (GATT) was established as an integral part of the post-war global economic governance. GATT was replaced by the World Trade Organization (WTO) in 1995. <br><br> The areas that were investigated by the USITC during the two investigations were also those that are covered by the WTO. Therefore, propriety and global trade rules demanded that the concerns of American businesses about India's policies had to be addressed within the WTO through consultations among the members. The main purpose of the GATT/WTO is to provide a forum for the resolution of disputes by following multilaterally agreed rules.

Which of the following statement is false according to the passage?

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives. <br><br> The main message that was conveyed by these investigations was that American businesses strong disapproved several of India's key policies on trade and investment and that these policies had to be amended. Although in 2014, the USITC seemed to support the direction of the Modi government's economic policies in its first few months, in the second report, which covered the government's first year in office, the familiar tone of disagreement over India's trade and investment policies appeared once again. The investigations conducted by the U.S. agencies raise several issues of propriety, procedures and substance. These three dimensions need to be understood well for this is the only way in which the Government of India can prepare appropriate responses to the persistent questioning by the U.S. administration of its trade and investment policies. <br><br> The first is the issue of propriety. It is important to mention here that all of India's trade-related policies which include intellectual property rights that were investigated and questioned in the two USITC reports were done under the cover of the U.S.'s domestic laws. This is tantamount to unilateralism, the response to which should be an unequivocal "no" in this age of multilateralism, where differences on policy issues between sovereign countries must be resolved in the appropriate multilateral forums. The possibilities of a stronger power using unilateral means should be eliminated. It is in this spirit that the General Agreement on Tariffs and Trade (GATT) was established as an integral part of the post-war global economic governance. GATT was replaced by the World Trade Organization (WTO) in 1995. <br><br> The areas that were investigated by the USITC during the two investigations were also those that are covered by the WTO. Therefore, propriety and global trade rules demanded that the concerns of American businesses about India's policies had to be addressed within the WTO through consultations among the members. The main purpose of the GATT/WTO is to provide a forum for the resolution of disputes by following multilaterally agreed rules.

What were investigated and questioned in the two USITC reports?

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives. <br><br> The main message that was conveyed by these investigations was that American businesses strong disapproved several of India's key policies on trade and investment and that these policies had to be amended. Although in 2014, the USITC seemed to support the direction of the Modi government's economic policies in its first few months, in the second report, which covered the government's first year in office, the familiar tone of disagreement over India's trade and investment policies appeared once again. The investigations conducted by the U.S. agencies raise several issues of propriety, procedures and substance. These three dimensions need to be understood well for this is the only way in which the Government of India can prepare appropriate responses to the persistent questioning by the U.S. administration of its trade and investment policies. <br><br> The first is the issue of propriety. It is important to mention here that all of India's trade-related policies which include intellectual property rights that were investigated and questioned in the two USITC reports were done under the cover of the U.S.'s domestic laws. This is tantamount to unilateralism, the response to which should be an unequivocal "no" in this age of multilateralism, where differences on policy issues between sovereign countries must be resolved in the appropriate multilateral forums. The possibilities of a stronger power using unilateral means should be eliminated. It is in this spirit that the General Agreement on Tariffs and Trade (GATT) was established as an integral part of the post-war global economic governance. GATT was replaced by the World Trade Organization (WTO) in 1995. <br><br> The areas that were investigated by the USITC during the two investigations were also those that are covered by the WTO. Therefore, propriety and global trade rules demanded that the concerns of American businesses about India's policies had to be addressed within the WTO through consultations among the members. The main purpose of the GATT/WTO is to provide a forum for the resolution of disputes by following multilaterally agreed rules.

What should be the response to unilateralism?