10.Which among the following is the guiding principle of the concept of most favoured nations? [A] that every nation has a preferred trading partner [B] that nations should cooperate with other nations that cooperate with them [C] non-discrimination among trading partners [D] that each nation should be able to decide what other nations it prefers as trading partners
Most-Favoured-Nation” (“MFN”) treatment requires Members to accord the most favourable tariff and regulatory treatment given to the product of any one Member at the time of import or export of “like products” to all other Members. This is a founding principle of the WTO.
