Under the WTO, such discriminatory trade policies are generally not allowed: Each country in the WTO promises that all countries will pay tariffs no higher than the nation that pays the lowest: called the “most favored nation” (MFN) principle
Under the WTO, such discriminatory trade policies are generally not allowed:Each country in the WTO promises that all countries will pay tariffs no higher than the nation that pays the lowest: called the “most favored nation” (MFN) principle