GK
WORLD ORGANISATIONS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Governments, firms, investors etc., should have confidence that trade barriers will not be raised arbitrarily. What principle is this?
|
|
Non-discrimination
|
|
|
Free trade
|
|
|
Predictability
|
|
|
Promotion of fair competition
|
|
|
Development and economic reform should be encouraged
|
Explanation:
Detailed explanation-1: -Five principles are of particular importance in under-standing both the pre-1994 GATT and the WTO: nondiscrimination, reciprocity, enforceable com-mitments, transparency, and safety valves. Nondiscrimination has two major components: the most-favored-nation (MFN) rule, and the national treatment principle.
Detailed explanation-2: -The principle of non-discrimination. First, the principle of non-discrimination stipulates that a member shall not discriminate: between “like” products from different trading partners (giving them equally “most favoured-nation” or MFN status, GATT Article I); and.
There is 1 question to complete.