Suppose the country of Gaditia wanted to join GATT and thus be treated the same as other GATT members. What GATT principle is Gaditia interested in receiving?
A)Free trade
B)Importation/exportation
C)The Tokyo Round
D)Foreign-exchange control
E)Most-favored-nation status

Question

Quizplus · Accepted Answer

Gaditia is interested in receiving most-favored-nation status, which means that they will receive the same treatment in terms of trade and tariffs as other GATT members. This principle promotes equality among all member countries and eliminates discrimination in international trade.

Suppose the Country of Gaditia Wanted to Join GATT and Thus