Asked by Margot Rochester on Jul 20, 2024

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In the WTO,the most-favored nation principle allows:

A) economically developing nations to receive special treatment.
B) the developed nations to obtain economic advantages.
C) all member nations to have similar treatment regarding similar imports.
D) poor nations to receive financial payments from wealthy nations.

Most-Favored Nation Principle

The Most-Favored Nation Principle is a trade policy requiring that a country extends the same trade terms and lowest tariffs it offers to one trading partner to all others.

  • Acquire knowledge regarding the responsibilities and territorial competences of international legal organizations including the International Criminal Court and the World Trade Organization.
  • Comprehend the fundamental concepts of the most favored nation status and its implementation in global commerce.
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NL
Natalia LopezJul 26, 2024
Final Answer :
C
Explanation :
The most-favored nation principle in the WTO requires all member nations to receive equal or similar treatment in terms of trade, regardless of their economic development or political status. This principle ensures non-discrimination and promotion of free and fair trade among member nations. It is not related to providing special treatment to economically developing or poor nations, nor does it allow developed nations to obtain economic advantages over others. It also does not involve financial payments from wealthy nations to poor nations.