Q. “Most Favored Nation” provision is related to which of the following?
Answer: B
Notes:
The WTO provides a rule based transparent and predictable multilateral trading system.
- The WTO rules envisage non-discrimination in the form of National Treatment and Most Favoured Nation (MFN) treatment to India’s exports in the markets of other WTO Members.
- National Treatment ensures that India’s products once imported into the territory of other WTO Members would not be discriminated vis-à-vis the domestic products in those countries.
- MFN treatment principle ensures that members do not discriminate among various WTO members.
Source: TMH Ramesh Singh
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