The principle of “Most Favoured Nation” is enshrined in which article of the General Agreement on…
Article I of GATT contains the most-favoured-nation principle. It generally requires an advantage granted to products of one country to be extended immediately and…
Choose your answer
The principle of “Most Favoured Nation” is enshrined in which article of the General Agreement on Tariffs and Trade (GATT)?
Answer and explanation
Correct answer A
Article I of GATT contains the most-favoured-nation principle. It generally requires an advantage granted to products of one country to be extended immediately and unconditionally to like products of other contracting parties, subject to the agreement’s exceptions.
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