CBLE CBLE Trade Agreements and Free Trade Programs

Question 1

Which agreement replaced NAFTA and governs trade between the United States, Canada, and Mexico?

Accepted Answer

USMCA

Answer

CAFTA-DR

Answer

KORUS

Answer

TPP

Question 2

Under the Generalized System of Preferences (GSP), which form is required to claim duty-free treatment for eligible goods?

Accepted Answer

Form A

Answer

Form CF-7501

Answer

Form CF-3461

Answer

Form CF-4811

Question 3

What is the primary criterion used to determine origin under USMCA for most goods?

Accepted Answer

Tariff shift rule

Answer

Wholly obtained criterion

Answer

Regional value content only

Answer

Net cost method only

Question 4

Which U.S. free trade agreement partner receives duty-free treatment under the Israel FTA for most goods?

Accepted Answer

Israel

Answer

Jordan

Answer

Egypt

Answer

Saudi Arabia

Question 5

Under USMCA's de minimis rule, what percentage of non-originating content is allowed without triggering a tariff shift requirement?

Accepted Answer

10%

Answer

5%

Answer

7%

Answer

15%

Question 6

CAFTA-DR covers free trade between the United States and which group of countries?

Accepted Answer

Central America and Dominican Republic

Answer

Caribbean nations and Cuba

Answer

South American nations

Answer

Central America and Puerto Rico