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What principle in WTO regulations stipulates that any trade advantage given to one member must also be extended to all members?
  • a)
    Most Favoured Nation (MFN) Principle
  • b)
    Substantially All Trade Requirement
  • c)
    Notification and Transparency Obligations
  • d)
    Bound Tariff Commitments
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What principle in WTO regulations stipulates that any trade advantage...
The Most Favoured Nation (MFN) Principle in WTO rules mandates that any trade advantage provided to one member must also be extended to all members, ensuring fair and non-discriminatory trade practices. This principle aims to prevent discrimination between trading partners and promote equal treatment in trade relations. Compliance with the MFN principle is essential to uphold the core principles of the World Trade Organization and maintain a level playing field in international trade.
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