Money & WorkFact

"Most favoured nation" sounds like privilege and means equal treatment.

Under Article I of the GATT, a WTO member must extend any trade advantage it grants to one country immediately to all other members. Exceptions exist for customs unions and free trade areas, and for preferences favouring developing countries.

Useful: So free trade agreements are legally exceptions to the rule, not an extension of it.

Source: en.wikipedia.org

HandelWtoZoelle

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