The North American Free Trade Agreement (NAFTA)is guided by the principle of

Question

Quizplus · Accepted Answer

NAFTA is guided by the principle of national treatment, which means that each member country must treat the goods and services of the other member countries no less favourably than it treats its own goods and services. This is intended to eliminate discrimination against foreign goods and services in favour of domestic ones. Most-favoured-nation status and countervailing duties relate more to international trade policy outside of NAFTA, while protectionism is the opposite of free trade and would not apply to NAFTA. Strategic trade policy involves government intervention to promote the development of certain industries or to address market failures, which is also not relevant to NAFTA.

The North American Free Trade Agreement (NAFTA)is Guided by the Principle