Italy recently introduced the Reguzzoni-Versace Law which is intended to regulate trade in textiles, leather, and footwear. All of the following statements pertaining to the law are correct except:
A) at least four stages of production should occur in Italy for the product to be labeled as "Made in Italy."
B) the countries in which the remaining production stages took place must be identified.
C) Brussels objected on grounds that the law conflicts with restrictions provided by the European Union.
D) EU regulators view the law as "protectionist."
E) the law is more stringent than the existing laws where only one production stage has to occur in the country of origin.
A
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