Which GATT principle calls for mutual lowering of trade barriers between trading partners?
A)reciprocity
B)convertibility
C)nondiscrimination
D)outsourcing

Question

Quizplus · Accepted Answer

Reciprocity is a principle of the General Agreement on Tariffs and Trade (GATT) that calls for mutual lowering of trade barriers between trading partners. This principle ensures that any concession or benefit offered by one country must be reciprocated by the other country involved in the trade agreement.

Which GATT Principle Calls for Mutual Lowering of Trade Barriers