Although under GATT's most-favored nation provision all signatories must treat each other as favorably as they treat any other country,nations may give preferential treatment to developing nations and may enter into free trade areas.

Question

Quizplus · Accepted Answer

This is true. While most-favored nation status means that countries must treat each other equally in trade, there are exceptions for preferences given to developing countries (as in the Generalized System of Preferences) and for free trade agreements between countries.

Although Under GATT's Most-Favored Nation Provision All Signatories Must Treat