Under GATT's "Most Favored Nation" provision countries can reduce tariffs only for their allies.

Question

Quizplus · Accepted Answer

Under GATT's "Most Favored Nation" provision, countries cannot discriminate between their trading partners and must offer the same tariff reductions to all GATT members. This means that if a country reduces tariffs for one trading partner, they must do the same for all GATT members, regardless of whether they are allies or not.

Under GATT's "Most Favored Nation" Provision Countries Can Reduce Tariffs