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What is the significance of the Most-Favoured Nation rule in WTO agreements?
  • a)
    It allows countries to discriminate in favor of specific trading partners.
  • b)
    It requires countries to treat all WTO members equally in trade matters.
  • c)
    It allows countries to charge higher tariffs on certain products.
  • d)
    It requires countries to lower their tariffs for specific trading partners.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the significance of the Most-Favoured Nation rule in WTO agree...
The Most-Favoured Nation (MFN) rule in WTO agreements requires countries to treat all WTO members equally in trade matters. This means that any favorable treatment given to one member must be extended to all members, promoting non-discrimination in trade.
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What is the significance of the Most-Favoured Nation rule in WTO agreements?a)It allows countries to discriminate in favor of specific trading partners.b)It requires countries to treat all WTO members equally in trade matters.c)It allows countries to charge higher tariffs on certain products.d)It requires countries to lower their tariffs for specific trading partners.Correct answer is option 'B'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the significance of the Most-Favoured Nation rule in WTO agreements?a)It allows countries to discriminate in favor of specific trading partners.b)It requires countries to treat all WTO members equally in trade matters.c)It allows countries to charge higher tariffs on certain products.d)It requires countries to lower their tariffs for specific trading partners.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of the Most-Favoured Nation rule in WTO agreements?a)It allows countries to discriminate in favor of specific trading partners.b)It requires countries to treat all WTO members equally in trade matters.c)It allows countries to charge higher tariffs on certain products.d)It requires countries to lower their tariffs for specific trading partners.Correct answer is option 'B'. Can you explain this answer?.
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