In which act was the most-favored-nations principle further developed?

Question

Quizplus · Accepted Answer

The Trade Agreements Act of 1934 further developed the most-favored-nations principle by giving the President the authority to negotiate reciprocal trade agreements that could grant tariffs or other favorable treatment to certain countries, with the condition that such treatment would also be extended to all other signatories of the agreement. This principle stated that a country's favorable treatment to one nation should be extended to all other nations with which it has signed a most-favored-nations agreement.

In Which Act Was the Most-Favored-Nations Principle Further Developed