The WTO extends "the most favoured nation" treatment to all its members on _____.

equality basis

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priority basis

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productivity basis

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none of these

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Solution

The correct option is C equality basis

Under the WTO agreements, countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.

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Similar questions

Q33. With reference to principles of multilateral trading system by WTO, consider the following statements:

1. Principle of "Most-favoured-nation (MFN)" means that a member country is allowed to extend a special favour to its trading partner without extending it to the other members of WTO.

2. Principle of "national treatment" means Imported and locally-produced goods should be treated equally.

3. Charging customs duty on an import is a violation of national treatment.

Which of the above statement(s) is/are correct?

Q17) The issue of MFN (most favoured nation)

1.Is associated with IMF

2. It means giving special treatment to imports from a country.

Identify the correct statement(s)

Consider the following statements:

Which of these statements are correct?

1, 2 3 and 4
1, 2 and 4
2, 3 and 4
3 and 4

Why is it necessary to become a member of WTO?

India is a member of the WTO.

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The WTO extends "the most favoured nation" treatment to all its members on _____.

The correct option is C equality basis Under the WTO agreements, countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.

The correct option is C equality basis

Under the WTO agreements, countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.