Yokahama Sports Equipment Ltd. is a successful manufacturer and distributor of sports equipment in the Far East, Australia, and Europe. Top management sees attractive opportunities in the U.S. market because of the stable economy and government. In addition, of course, Americans have disposable income to spend and are willing to buy imported goods. Yokahama executives realize, however, that entering the U.S. market can be difficult and that they’ll need a well-planned strategy.
-Should dumping become an issue,Yokahama might turn to the WTO for resolution of the dispute.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) is an international body that deals with the rules of trade between nations, including issues related to dumping, which is the practice of exporting a product at a price lower than the price it normally charges on its own home market. Therefore, if Yokahama faces dumping accusations in the U.S., it could indeed turn to the WTO for resolution of the dispute.