Question

The International Trade Administration provides Multiple Choice


1. aid to underdeveloped countries and has limited protection in support of "essential" projects in approved countries and for approved products.

2. credit insurance that minimizes nonpayment risk caused by financial, economic, or political uncertainties.

3. a means to helping U.S. business compete in the global marketplace.

4. underwriting of trade and investments for U.S. firms.

5. risk insurance for companies investing in less-developed countries.

Answer 1

International Trade Administration provides a means to help US business compete in the global marketplace.

Explanation:

International Trade Association constitutes an agency under the US Dept of Commerce and was formed in 1980. It is tasked with promoting export of non-Agri services and goods to the outside market.

Other objectives of ITA include providing information to Americans to help them select markets, ensuring them access to international markets and protecting them from unfair competition from dumping and cheap imports.

ITA as a bureaucratic organisation consists of 3 sub-units. These include Industry & Analysis, Enforcement & Compliance and Global Markets