Most favoured nation clause under wto regime is based on the principle of
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❏A most-favored-nation (MFN) clause requires a country to provide any concessions, privileges, or immunities granted to one nation in a trade agreement to all other World Trade Organization member countries.
❏Although its name implies favoritism toward another nation, it denotes the equal treatment of all countries.
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Explanation :
★ A most-favored-nation (MFN) clause requires a country to provide any concessions, privileges, or immunities granted to one nation in a trade agreement to all other World Trade Organization member countries.
★ Although its name implies favoritism toward another nation, it denotes the equal treatment of all countries.
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