Q. “Most Favored Nation” provision related to which of the following?
Red Book
Red Book

[A] WTO

[B] IMF

[C] AIIB

[D] World Bank

Answer: A
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: EPIC October 2021

 

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