Most favored nation status requires:
A)a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other WTO members.
B)a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other countries.
C)a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other WTO members.
D)a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other countries.

Question

Quizplus · Accepted Answer

Most favored nation status is a principle of the World Trade Organization (WTO) that requires a member country to extend the same trade benefits and concessions to all other WTO member countries that it extends to any one of them. Therefore, if a WTO member reduces a tariff on imports from one WTO trading partner, it must apply the same lower tariff to imports from all other WTO members. Option A reflects this principle.

Most Favored Nation Status Requires